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Ridge Street, Lancaster, Lancashire, LA1

North West

£80,000
Listed on 08/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
769 sqft

Description

This property represents a valuable investment opportunity, ideal for those with a vision for renovation and value enhancement. While priced to reflect the extensive updating required throughout, it offers a solid foundation with its generous room sizes and practical layout in a sought-after location, making it an excellent candidate for transformation. The accommodation includes three well-proportioned double bedrooms, a spacious first-floor bathroom, a large living room, and a kitchen at the rear that holds significant potential for redesign. Both inside and out, this home is essentially a blank canvas awaiting restoration. Offered without a chain, it presents a rare chance to secure a sizable home with promising long-term prospects. With the right renovations, this property could evolve into something remarkable.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -54.8% below area average per sq ft

-54.8%
Potential saving
This Property
£104/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£215
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£194,895
10% above area average per sq ft
Potential ROI
+62.4%
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

Ridge Street, Lancaster, Lancashire, LA1
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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
£285
Based on a loan of £60,000 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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