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See how verdicts work1-bedroom flat · LA1 3FP
No longer listedListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location Set within the highly regarded Standen Park development, The Colonnade offers a peaceful and well-kept residential setting just moments from Lancaster’s key amenities.
This popular area is known for its tree-lined avenues, attractive stone-fronted buildings and easy access to Williamson Park.
The city centre is within walking distance, providing a choice of independent shops, cafés, restaurants and transport links, including Lancaster’s mainline station.
Standen Park is ideal for those seeking a balance of convenience and calm. Regular bus services run nearby, and the M6 is easily reached for commuters.
Green spaces, footpaths and communal landscaped areas give the development a relaxed feel, making it appealing for professionals, first-time buyers and downsizers alike.
Property Details Step inside this spacious ground-floor apartment and you are greeted by an impressive open-plan living space with high ceilings and a bank of front-facing windows that fill the room with natural light.
This generous area offers plenty of flexibility for both relaxing and dining, with ample room for a range of furniture layouts.
The kitchen sits neatly to the rear of the apartment and features a good selection of cabinetry paired with complementary worktops.
Integrated and freestanding appliances include an oven, gas hob, washing machine, dishwasher and freezer, making the space practical for everyday living.
A striking curved glass-block wall partially encloses the sleeping area, adding character while still allowing the light to flow through.
Beyond this, a useful dressing room provides additional storage and could also be used as a study or hobby space.
The bathroom is fitted with a modern three-piece suite including WC, wash basin and a bath with overhead shower.
Throughout the apartment, neutral décor, gas central heating and full double glazing create a comfortable and immediately liveable home.
Residents also benefit from allocated parking directly outside the building. Leasehold Information This is a leasehold property.
It is managed by Parkinson’s Property, The ground rent is £75.00 annually. The annual management fee / service charge is £1416.80 There are 227 years remaining on the lease.
Key Information Ground-floor apartment in a sought-after development Gas central heating Fully double glazed Modern three-piece bathroom Spacious open-plan living with defined sleeping area Dressing room / walk-in storage area Kitchen with oven, gas hob, washing machine, dishwasher and freezer Allocated parking Leasehold: Information to be confirmed EPC Rating: C Location Set within the highly regarded Standen Park development, The Colonnade offers a peaceful and well-kept residential setting just moments from Lancaster’s key amenities.
This popular area is known for its tree-lined avenues, attractive stone-fronted buildings and easy access to Williamson Park.
The city centre is within walking distance, providing a choice of independent shops, cafés, restaurants and transport links, including Lancaster’s mainline station.
Standen Park is ideal for those seeking a balance of convenience and calm. Regular bus services run nearby, and the M6 is easily reached for commuters.
Green spaces, footpaths and communal landscaped areas give the development a relaxed feel, making it appealing for professionals, first-time buyers and downsizers alike.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 38 The Colonnade, Lancaster
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