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Redvers Street, Lancaster, Lancashire, LA1 - Image 1
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Redvers Street, Lancaster, Lancashire, LA1

North West

£135,000Guide Price

Listed on 03/09/2026

The listing

Property details

Bedrooms
4
Type
Terraced
Area
1141 sqft

Description

This terraced house offers a prime opportunity for renovation and investment, boasting accommodation spread over three floors. The property features two reception rooms and four bedrooms, with a bathroom conveniently located on the first floor. While it presents a superb location, it requires remedial work, including updates and renovations, to unlock its full potential. The property is ideal for those looking to invest in a project that promises excellent returns. Offered at auction, interested buyers should proceed with caution and consider their financing options carefully before bidding.

WHOTS analysis

Our WHOTS verdict

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

72out of 100
Grade BGood opportunity

Confidence: MEDIUM

This terraced house is priced attractively at £135,000, translating to just £118/sqf, which is significantly below the local average of £229/sqf. This presents a compelling opportunity for buyers looking to acquire a property with substantial renovation potential. The house offers a spacious layout over three floors, featuring two reception rooms and four bedrooms, making it an ideal canvas for customization to meet modern living standards.

However, the property is in need of extensive refurbishment, with visible signs of neglect throughout. The living areas and bedrooms exhibit dated conditions, while the kitchen shows signs of damage and debris. The garden is overgrown and requires significant attention. Given the scale of the project, prospective buyers should prepare for a comprehensive renovation budget of £100,000 to £150,000. This is not a simple refresh; the interiors will need a full-gut approach to unlock their full potential. Despite the necessary works, the location holds excellent investment potential, making it a worthwhile consideration for those ready to undertake a substantial project.

Key opportunities

  • A spacious layout over three floors allows for creative reconfiguration and modern updates.
  • The property’s location holds investment potential, making it suitable for long-term growth.
  • The extensive refurbishment offers a chance to enhance character and restore the property to its former glory.

Key risks

  • Stripped interiors and a £100,000–£150,000 works budget make this a full-gut programme, not a refresh.
  • Visible signs of neglect and required repairs throughout may indicate underlying issues.
  • The garden and kitchen condition suggest significant work needed to achieve a functional living space.

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Map

Location

Redvers Street, Lancaster, Lancashire, LA1
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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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