South Road, Lancaster, Lancashire, LA1
North West
£250,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
8Type
End Of TerraceArea
2476 sqftFeatures
- HMO
Description
This substantial semi-detached property is arranged as six bedsit flats across three floors, together with a separate one-bedroom basement flat. The main accommodation has two communal shower rooms, while the basement flat has its own bathroom. The listing also records eight bedrooms and a floor area of 2,476 sq ft.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £250,000, this substantial property is offered at about £101 per sq ft, well below the local average of £229 per sq ft—an attractive entry point for a buyer able to take on the work. Its six bedsits and separate basement flat give the project a distinctive multi-unit canvas, and the property is vacant for a purchaser to plan the transformation. The stone-fronted exterior appears broadly intact in the available views.
Inside, photographed areas show extensive wear, debris and apparent moisture-related deterioration in several places; the overgrown rear garden also needs clearance and improvement. With a £90,000–£180,000 renovation range, this is a full-scale programme rather than a cosmetic refresh, and the HMO status is due for renewal in November 2027.
Key opportunities
- The six bedsits and separate basement flat provide a multi-unit layout to improve and reposition as a coherent accommodation offer.
- Vacancy gives a buyer room to plan the works across the property from the outset.
- The stone-fronted exterior appears broadly intact, leaving the interior and overgrown rear garden as clear areas for transformation.
Key risks
- Worn, stained and deteriorated finishes are visible in several areas, with apparent moisture-related damage that needs investigation.
- The £90,000–£180,000 works range and debris across photographed interiors point to a substantial, multi-area programme with meaningful budget and timescale demands—not a cosmetic refresh.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£944
Based on a loan of £187,500 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.
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