2-bedroom flat · LA1 1AH
Sold STCReduced £10k (−5%) on 18 SepListed 107 days
Opportunity summary
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About
The Location Lune Square forms part of the highly regarded St George's Quay, one of Lancaster's most desirable riverside developments.
Built by Persimmon Homes in the mid-2000s, the development enjoys a peaceful setting just moments from the River Lune and the Millennium Bridge, providing easy access into the city centre and beyond.
Despite its tranquil position, everything needed for day-to-day living is within easy reach.
Lancaster's shops, cafés, restaurants, bars and leisure facilities are less than a five-minute walk away, while Sainsbury's, the bus station and Lancaster Railway Station are all close by.
The riverside walks, cycle paths and excellent transport connections make this a particularly appealing location for professionals, downsizers and those looking for a convenient city lifestyle.
Property Information Occupying a peaceful rear position within the development, this impressive penthouse apartment offers spacious accommodation complemented by striking vaulted ceilings and an abundance of natural light throughout.
The elevated top-floor setting creates an airy feel, while the attractive outlook over mature trees provides both privacy and a pleasant backdrop.
The heart of the apartment is the generous open-plan living space, designed to comfortably accommodate both lounge and dining areas.
Twin French doors open onto a Juliet balcony, allowing plenty of natural light to flood the room, while additional roof windows further enhance the bright and spacious feel.
The adjoining kitchen is fitted with contemporary white units, grey stone-effect worktops and a range of integrated appliances including an oven, hob and dishwasher, making it ideal for everyday living and entertaining.
Both bedrooms are exceptionally generous doubles, each benefiting from fitted wardrobes and their own en-suite shower room and bathroom, offering excellent flexibility for guests or those seeking dual-occupancy accommodation.
Large roof windows create bright and comfortable bedroom spaces, with the principal bedroom particularly impressive in size.
Completing the accommodation is a separate guest WC accessed from the hallway, along with a substantial storage cupboard housing the hot water cylinder and plumbing for a washing machine.
The property also benefits from upgraded Haverland electric heating and the significant advantage of two tandem parking spaces within the secure undercroft car park.
Material Information Leasehold Approximately 976 years remaining on the lease Management Company: Lune Square (Lancaster) rtm Company Ltd c/o Managing Estates Limited Service Charge: £2,318.00 per annum Ground Rent: £150.00 per annum Double glazed throughout Integrated oven, hob and dishwasher Built by Persimmon Homes circa 2004–2005 Key Features Top-floor penthouse apartment Sought-after St George's Quay location Impressive vaulted ceilings throughout Spacious open-plan living and dining area Juliet balcony with leafy outlook Contemporary fitted kitchen with integrated appliances Two generous double bedrooms One en-suite shower room and One en-suite bathroom Separate guest WC Excellent storage cupboard with utility space Upgraded Haverland electric heating Two tandem parking spaces within the secure undercroft parking area Less than five minutes' walk to Lancaster city centre Close to Lancaster Railway Station and Millennium Bridge Bright, private position overlooking mature trees Location Lune Square forms part of the highly regarded St George's Quay, one of Lancaster's most desirable riverside developments.
Built by Persimmon Homes in the mid-2000s, the development enjoys a peaceful setting just moments from the River Lune and the Millennium Bridge, providing easy access into the city centre and beyond.
Despite its tranquil position, everything needed for day-to-day living is within easy reach.
Lancaster's shops, cafés, restaurants, bars and leisure facilities are less than a five-minute walk away, while Sainsbury's, the bus station and Lancaster Railway Station are all close by.
The riverside walks, cycle paths and excellent transport connections make this a particularly appealing location for professionals, downsizers and those looking for a convenient city lifestyle.
Parking - Secure Gated
Value & comps
No previous sales on record.
Returns
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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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About 85 Lune Square Damside Street, Lancaster
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