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Mill Street, Lancaster | Two-Bed City Home

North West

£135,000

Listed on 02/07/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
893 sqft

Features

  • Garden
  • Parking

Description

This freehold, two-bedroom stone-built terrace is offered with vacant possession and is within walking distance of Lancaster city centre. The ground floor has two separate reception rooms and a galley kitchen fitted with shaker-style units, wood-effect worktops, an integrated oven and an electric hob. The kitchen opens onto an enclosed rear yard. Upstairs are two bedrooms and a family bathroom with a bath and shower screen, wash basin and WC. The property has gas central heating, uPVC double glazing and an EPC rating of D. The listing notes that updating and remedial work are required, and that evidence of damp has been identified; a survey is available for further information. Lancaster railway station, local bus routes and the M6 are accessible from the area, with shops and other city-centre amenities nearby. The house may suit a buyer prepared to investigate the damp and undertake improvement works.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

77out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £135,000, this is priced well below the local average per square foot, making it an appealing opportunity to acquire a traditional stone-built terrace close to Lancaster city centre. Two reception rooms, a fitted kitchen and a complete bathroom provide a usable base, while the dated finishes offer scope for a light refresh; the enclosed rear yard is another optional improvement project. The stated renovation range is £6,500–£14,000, and damp is identified in the listing, with a survey available for further detail.

Key opportunities

  • Acquire below the local average £/sqf, with a city-centre location and convenient transport links.
  • Refresh the dated decorative finishes while retaining the two separate reception rooms and existing fitted kitchen.
  • Optionally improve the enclosed, hard-surfaced rear yard.

Key risks

  • Damp is stated in the listing and local wall discolouration is visible; review the available survey and establish the cause and scope.

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Map

Location

Mill Street, Lancaster | Two-Bed City Home
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£510
Based on a loan of £101,250 over 30 years at 4.45% 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.

Tax

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Indicative tax based on the asking price and the options you select.

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