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Garnet Street, Lancaster

North West

£150,000
Listed on 20/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
688 sqft

Description

This two-bedroom Victorian terrace home is nestled in the vibrant heart of South Lancaster, just a stone's throw from the picturesque canal and the city's extensive amenities. Located on Garnet Street in a freehold area, this property is being sold with no onward chain, making it an appealing opportunity for first-time buyers or investors. The layout features two reception rooms, a cellar, and a concrete rear yard, offering ample living and storage options. Recent updates include a new roof, windows, front door, and a boiler installed in 2023, which provide a solid base for potential renovations. Inside, the home boasts generous room sizes and original character that can be enhanced with personal touches. The kitchen presents an excellent opportunity for modernisation while adjoining a practical lobby and a ground-floor bathroom equipped with essential features. Upstairs are two spacious double bedrooms benefiting from natural light and additional storage options. The property's location allows easy access to local shops, restaurants, schools, and transport links including the nearby West Coast mainline railway station. Overall, this property presents itself as a blank canvas ready for transformation to suit individual tastes while enjoying all that Lancaster has to offer.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -4.8% below area average per sq ft

-4.8%
Potential saving
This Property
£218/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
£173,345
10% above area average per sq ft
Potential ROI
-3.7%
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

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
£541
Based on a loan of £112,500 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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