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North West
£40,000
Listed on 13/09/2026
Listed on 13/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom ground floor flat offers a compelling opportunity for those looking to take on a project. While the property is in need of significant modernisation, the asking price of £40,000 is notably below the local average of £208,982, making it an attractive entry point for investment. The visible signs of wear throughout the flat reflect the potential for improvement, allowing a new owner to put their stamp on the space.
The flat’s location is a highlight, situated conveniently for access to Lancaster City Centre and close to local amenities. The garden, while overgrown, remains usable and adds to the outdoor appeal. With a renovation budget estimated between £40,000 and £80,000, buyers have a chance to enhance the property and create value in a market where the entry price is favourable. However, the overall condition means this is a light/typical renovation project rather than a quick flip, so prospective buyers should be prepared for the work ahead.
None recorded.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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