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Ullswater Road, Lancaster, Lancashire, LA1 - Image 11

Ullswater Road, Lancaster, Lancashire, LA1

North West

£135,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1206 sqft

Description

This substantial three-storey property presents a prime opportunity for investors or homeowners looking to undertake a renovation project. Located in the desirable Freehold area, this generous three double-bedroom home offers an adaptable layout, ideal for families or those seeking a rewarding refurbishment venture. One of its most appealing aspects is the top-floor rear bedroom, which features stunning panoramic views extending from Lancaster to Morecambe Bay—a unique selling point that enhances its value potential.<br><br>Additionally, the property boasts a sizeable west-facing garden, perfect for gardening enthusiasts or those wishing to create an inviting outdoor space. The inclusion of useful storage areas such as an under croft out-store room and a cellar further adds to its appeal, providing opportunities for development or expansion.<br><br>While the home does require updates throughout, its considerable size and sought-after location make it a compelling investment prospect. With no onward chain and a fair market price reflecting the work needed, this property offers a smooth transition for buyers ready to realize their vision. Embrace the potential of transforming this house into a standout home within this vibrant community.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -50.8% below area average per sq ft

-50.8%
Potential saving
This Property
£112/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£302,133
10% above area average per sq ft
Potential ROI
+72.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (LA1)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +2.7%
5 year growth: +20.9%
Investment Disclaimer: Analysis based on LA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ullswater Road, Lancaster, Lancashire, LA1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£487
Based on a loan of £101,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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