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Garnet Street, Lancaster

North West

£140,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house in the desirable Freehold area presents an exciting opportunity for renovation enthusiasts or first-time buyers looking to create a personalised living space. Offering panoramic views over the historic City of Lancaster, this property serves as a blank canvas ready for your creative touch. The layout features generously proportioned bedrooms and a spacious open plan Living Dining Room, ideal for social gatherings or quiet evenings at home. The kitchen is functional, with ample cupboard space and room for essential appliances, while access to the secure rear yard enhances outdoor potential. Additionally, the sizeable cellar provides extra storage options or further development possibilities. Upstairs hosts two well-sized bedrooms along with a practical three-piece bathroom suite incorporating a discreet gas central heating boiler. Located conveniently close to local amenities including shops, restaurants, and schools, as well as providing easy transport links to major routes and rail services, this property not only promises a comfortable lifestyle but also substantial investment potential in an up-and-coming area. For those who appreciate outdoor spaces, the rear yard offers enough scope for alfresco dining or garden projects amidst Lancaster’s scenic backdrop. This property is sold with no chain, making it an attractive option for those ready to embark on their renovation journey.

Investment Analysis

(LA1 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
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

Garnet Street, Lancaster
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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
£505
Based on a loan of £105,000 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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