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Richmond Avenue, Lancaster | Quiet Setting, Generous Garden, Great Potential - Image 1
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Richmond Avenue, Lancaster | Quiet Setting, Generous Garden, Great Potential - Image 8
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Richmond Avenue, Lancaster | Quiet Setting, Generous Garden, Great Potential

North West

£120,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
753 sqft

Description

Situated in the tranquil Beaumont area to the north of Lancaster, this three-bedroom semi-detached property presents a promising opportunity for those looking to invest in a home that requires modernization. The property's current layout is functional and adaptable, with a bright dual-aspect living room that can be enhanced with updated interiors. The compact kitchen at the rear offers potential for reconfiguration or extension, depending on planning permissions, making it an attractive option for those wishing to create a more spacious culinary area. The inclusion of a conservatory adds valuable additional space that seamlessly connects to a generous south-facing garden, perfect for outdoor living or landscaping projects. Upstairs, the simple arrangement of three bedrooms allows for various possibilities—ideal for adaptation into a home office or guest rooms as needed. The exterior features a small front garden with driveway parking and a sizeable private rear garden that not only provides ample sunlight but could also be transformed into an ideal outdoor retreat. This property stands out in its quiet yet connected location, close to local amenities and accessible routes towards Lancaster city center and beyond. It is an ideal prospect for families or individuals seeking to personalize and modernize their living environment.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£159/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£215
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£190,840
10% above area average per sq ft
Potential ROI
+23.1%
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
13%
Properties sold annually

Local Market Trend (LA1)

Area prices are falling by -3.8% over the last 12 months
3 year growth: 0.0%
5 year growth: +14.5%
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

Richmond Avenue, Lancaster | Quiet Setting, Generous Garden, Great Potential
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£428
Based on a loan of £90,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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