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Prospect Street, Lancaster | Spacious Three-Bed Terrace - Image 1
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Prospect Street, Lancaster | Spacious Three-Bed Terrace

North West

£160,000

Listed on 01/11/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
753 sqft

Features

  • Garden
  • Parking

Description

This three-bedroom stone terrace is arranged over three floors and is offered with no onward chain. The accommodation includes a front living room with a decorative fireplace and built-in storage, a rear kitchen with white base units, grey work surfaces, a gas hob and integrated oven, and a family bathroom on the first floor. Two further double bedrooms occupy the upper floor, with sloping ceilings adding to the layout. The property has had an injected damp-proof course, associated replastering where required and new concrete floors to the ground floor. The vendor also advises that the electrical installation was inspected and a ten-year certificate issued, with the paperwork to be confirmed. UPVC double glazing and gas central heating are stated. Cosmetic updating is noted as desirable, and the kitchen and bathroom offer scope for further modernisation. At the rear is an enclosed, east-facing yard with a concrete surface, stone boundary walls and gated access. The house is within walking distance of Lancaster city centre, the University of Cumbria and Royal Lancaster Infirmary, with Greaves Park, local shops and transport links nearby. On-street parking is available. The listing states the property is freehold and has an EPC rating of E.

WHOTS analysis

Our WHOTS verdict

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

58out of 100
Grade DWeak opportunity

Confidence: MEDIUM

At £160,000, this three-bedroom stone terrace is priced below the local average at £212 per sq ft versus £229, making it an appealing opportunity to acquire in a convenient Lancaster location near the city centre, university and hospital. The overall score is still a weaker 58/100: the price advantage is a positive, but the numbers leave only a narrow margin against the current local average once the project is considered.

The house looks usable and offers a clear, light-scale canvas rather than a major overhaul. Older finishes, marked carpets and a dated but functional kitchen and bathroom give scope for cosmetic updating, while the enclosed rear yard could be improved. The vendor also reports a damp-proof course, associated replastering, ground-floor concrete floors and an electrical inspection with certification, which provide a useful starting point.

Key opportunities

  • Acquire below the local average asking price per square foot in a location close to Lancaster city centre, the university and the hospital.
  • Refresh the older interior finishes and marked carpets, with scope to update the usable kitchen and bathroom to suit your own taste.
  • Improve the enclosed rear yard, where cracked concrete currently limits its appeal.

Key risks

None recorded.

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Map

Location

Prospect Street, Lancaster | Spacious Three-Bed Terrace
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Transport

Nearest stations

  • Lancaster Rail Station

    0.7 miles

    Train · Lancaster

  • Bare Lane Rail Station

    2.8 miles

    Train · Bare

  • Morecambe Rail Station

    3.6 miles

    Train · Morecambe

  • Heysham Port Rail Station

    5.0 miles

    Train · Heysham

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£654
Based on a loan of £120,000 over 30 years at 5.13% 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

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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