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Gressingham Drive, Lancaster

North West

£160,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1097 sqft

Description

This semi-detached three-bedroom residence boasts a charming cottage-style exterior, set back from the road and offering off-road driveway parking. While it currently requires comprehensive refurbishment, the property features solid living space with two generous double bedrooms, a single bedroom, separate reception areas, and a private rear garden. Noteworthy updates such as new windows and guttering have been made in the past decade, already enhancing its appeal and function. The interior presents an exciting opportunity for those with a vision; comprising a spacious lounge, distinct dining room, and kitchen leading to a covered walkway—previously utilized for storage purposes. At the rear lies an impressive annexe that could serve multiple functions—whether as an office, gym, or creative space—allowing buyers to tailor the home to their needs. The upper level hosts well-sized bedrooms along with practical separate bathroom and WC facilities. Situated in South Lancaster, this property offers beautiful views towards Morecambe Bay and easy access to local amenities while still providing a quiet suburban atmosphere. For first-time buyers or investors looking for a rewarding project, this home is ripe for transformation into something truly special.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -36.3% below area average per sq ft

-36.3%
Potential saving
This Property
£146/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£220
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£276,395
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LA1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +19.3%
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

Gressingham Drive, 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
£577
Based on a loan of £120,000 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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