Albion Street, Lancaster

At £105,000, this two-bedroom stone-fronted terrace is priced below the local average at £181/sq ft versus £229, making the purchase price an attractive starting point. The photos show a substantial project: several rooms have damaged or bare flooring and stained or deteriorated wall finishes, with an older kitchen and bathroom. That gives a buyer scope to rework the interiors throughout and improve the small rear yard, while retaining the character of the stone frontage.

The low entry price does not make the overall numbers easy, though. Adding the £35,000–£65,000 renovation range to the asking price puts the midpoint all-in cost at £155,000, above the £132,817 local-average benchmark for this floor area; that benchmark is not a forecast of the renovated value. This is a full-scale renovation with a weak overall opportunity score, so the project works best if the purchase and works budget can be tightly controlled.