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Ashfield Avenue, Lancaster | Victorian Home in Fairfield - Image 1
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Ashfield Avenue, Lancaster | Victorian Home in Fairfield

North West

£200,000

Listed on 16/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
753 sqft

Description

Nestled within a desirable residential area of Fairfield, this traditional stone-built Victorian terrace offers a unique opportunity for renovation and personalization. With its attractive horseshoe layout and mature tree-lined streets, Ashfield Avenue ensures a peaceful ambiance while maintaining close proximity to Lancaster's vibrant city centre. The property has been cherished as a family home since 1959 and spans around 759 sq. ft., featuring distinctive period characteristics that beckon for modern updates. Upon entering, one is greeted by a welcoming hallway adorned with original cornicing and period details, leading into a bright bay-fronted living room with high ceilings and deep skirting boards. The adjoining dining room, accessible through glazed French doors, provides flexibility for entertaining or daily living. The kitchen, offering solid wooden units and built-in appliances, presents potential for a contemporary overhaul to match modern tastes. Upstairs reveals two generously sized double bedrooms; the main bedroom benefits from ample proportions while the second awaits redecoration. The spacious bathroom comes equipped with a three-piece suite and has room for possible reconfiguration to enhance functionality. Additionally, there’s access to the loft through a landing cupboard, presenting further storage options or potential conversion opportunities. Externally, an enclosed rear courtyard allows for low-maintenance outdoor space with access to three useful outbuildings—previously used as storage—that offer exciting possibilities for conversion or extension into the main living area (subject to planning permissions). This property not only serves as an ideal canvas for those looking to invest in renovations but also boasts excellent transport links and nearby natural amenities.

Investment analysis

(LA1 area)

Above Market Value

This property is priced +16.2% above area average per sq ft

+16.2%
This Property
£266/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£210
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£189,349
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA1)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +1.5%
5 year growth: +12.8%
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

Ashfield Avenue, Lancaster | Victorian Home in Fairfield
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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.

Stamp duty calculator

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