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Gardner Road Lancaster LA1

North West

£90,000
Listed on 12/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
538 sqft

Description

This property presents a unique opportunity for first-time buyers and investors looking for a project with the potential to enhance value. The main living area greets you with abundant natural light from recently fitted double glazed windows, complemented by a fireplace that could be converted into a cozy focal point with gas. The flexible layout offers ample opportunities for reconfiguration to create an inviting space tailored to modern tastes. In the kitchen and dining space, you’ll find practical wall and base units, with enough room for appliances and a small dining table. This area opens directly to the rear garden via double glazed doors, promoting an indoor-outdoor living experience ideal for enhancing the outdoor space. The ground floor bathroom is functional but could benefit from modernization, offering clear potential for transformation into a contemporary retreat. On the first floor, access to the loft may provide additional storage options. Both bedrooms are bright and adaptable; the main bedroom can comfortably accommodate essential furnishings while the second bedroom serves well as a guest room or home office. The modest rear yard has potential for low-maintenance landscaping, perfect for relaxation or practical outdoor use. It’s an attractive feature for tenants or first-time buyers looking to enjoy their private outdoor space. With convenient nearby parking, it adds further appeal. While this home requires modern updates across its spaces, it offers a blank canvas ready for personal touches or significant renovations. With no onward chain, prospective buyers can move quickly to either create their ideal home or develop an investment opportunity that leverages strong local rental demand. The property's location enhances its value; scenic walks along riverside and canal paths are just moments away, along with easy access to city amenities including shops, cafes, and schools—all appealing factors for residents seeking convenience in their lifestyle. Strong transport links further solidify its desirability as both a residence and rental prospect. In summary, this property is ripe with potential waiting to be realized. Its solid structure combined with recent improvements like double glazing suggests it can be transformed into a stylish dwelling or lucrative rental asset over time.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£167/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£215
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£136,351
10% above area average per sq ft
Potential ROI
+13.6%
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
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

Gardner Road Lancaster 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
£321
Based on a loan of £67,500 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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