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Granville Road, Lancaster - Image 1
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Granville Road, Lancaster

North West

£139,950
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
871 sqft

Description

This three-bedroom residence presents a noteworthy opportunity for buyers interested in refurbishment and customization. Its location near Lancaster city centre enhances its appeal, making it suitable for first-time buyers and investors alike. The property features off-road parking and a manageable rear garden, which provides a blank canvas for outdoor enhancements.<br><br>Upon entry, the home welcomes you through a double-glazed uPVC front door into a hallway that leads to a functional family bathroom with a separate WC. The spacious lounge boasts large double-glazed windows that flood the area with natural light, creating an inviting atmosphere. The kitchen, accessible from the lounge, offers substantial worktop and cupboard space along with practical under-stairs storage. A doorway connects the kitchen to the rear garden.<br><br>On the first floor, there are three generously sized double bedrooms, with one featuring its own WC for added convenience. While the property currently requires some modern updates and personal touches, its inherent potential is clear for those looking to transform it into a comfortable family home or rental investment.<br><br>The surrounding area is vibrant, located within walking distance to Lancaster City centre and close to Ryelands Park—an ideal spot for children to play. Residents benefit from easy access to various local amenities including shops, restaurants, schools, healthcare facilities, as well as public transportation options like buses and nearby railway connections. Motorway access via Junction 34 of the M6 is conveniently reachable within 10 minutes.<br><br>Outside, off-road parking accommodates up to two vehicles with side access leading to the fenced rear garden, which is currently paved but holds great potential for further landscaping or personalization.<br><br>This freehold property comes equipped with modern gas central heating and is connected to all mains services including electricity, gas, water, and drainage.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£161/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£220
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£219,453
10% above area average per sq ft
Potential ROI
+29.1%
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

Granville Road, 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 £104,962 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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