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See how verdicts work2-bedroom flat · LA1 3TE
No longer listedListed 104 days
Opportunity summary
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About
The Location The Residence is one of Lancaster's most recognisable residential developments, occupying the beautifully converted Grade II listed former Moor Hospital.
Set on elevated grounds above the city, it combines striking historic architecture with modern apartment living and enjoys a strong reputation amongst professionals, downsizers and buyers seeking something a little different from a conventional apartment block.
Residents benefit from easy access to Lancaster city centre, the Royal Lancaster Infirmary, Lancaster University and excellent road links towards the M6.
Williamson Park is within walking distance and offers woodland walks, the Ashton Memorial, café facilities and open green space.
A nearby Co-op provides day-to-day convenience, whilst the development's pet-friendly policy makes it particularly appealing for dog owners and those wanting outdoor access close to home.
Property Information Positioned on the ground floor within North Wing, is a spacious two-bedroom apartment.
The apartment was specifically chosen by the current owner for its enviable south-facing garden, excellent position within the development and the convenience of having two allocated parking spaces located close to the garden entrance.
The accommodation is accessed via an L-shaped entrance hallway with useful built-in storage and housing for the gas combination boiler.
The layout immediately feels practical and welcoming, providing separation between the living and sleeping accommodation. The main living space is undoubtedly the heart of the home.
Measuring over 21ft in length, the impressive open-plan living, dining and kitchen area benefits from high ceilings and large windows that flood the room with natural light.
French doors open directly onto the private garden, creating a seamless connection between inside and outside living.
The generous proportions comfortably accommodate lounge and dining furniture, making it ideal for both everyday living and entertaining.
The kitchen is fitted with contemporary white gloss units complemented by grey stone-effect work surfaces and dark tiled flooring.
Integrated appliances include a Neff oven and gas hob, creating a practical and stylish cooking space that remains connected to the main living area. Both bedrooms are genuine doubles.
The principal bedroom benefits from a walk-through dressing area and a modern en-suite shower room finished with contemporary tiling.
The second double bedroom offers flexibility as a guest room, home office or additional reception space if desired.
A separate bathroom serves the remainder of the apartment and features a three-piece white suite with complementary tiling.
Outside, the private south-facing garden is a particularly rare feature for an apartment.
The extended Indian stone patio provides an excellent space for outdoor dining, entertaining or simply enjoying the sun throughout the day.
The proximity of the garden gate to the allocated parking spaces further enhances the convenience of daily living.
Material Information Ground floor apartment Grade II listed building Gas central heating Gas combination boiler Double glazing Private south-facing garden Extended Indian stone patio Two allocated parking spaces Pet-friendly development EPC Rating: C Council Tax Band: C Leasehold Information Tenure: Leasehold Management Company: Glide Property Management Service Charge: £3660.71 per year Ground Rent: £374.16 per year Length of Lease Remaining: 237 years Key Features Ground floor apartment within the prestigious Residence development Grade II listed conversion of the former Moor Hospital Private south-facing garden Extended Indian stone patio for outdoor seating and entertaining Spacious 21ft open-plan living, dining and kitchen area High ceilings throughout creating a wonderful sense of space French doors opening directly onto the garden Contemporary kitchen with integrated Neff oven and gas hob Principal bedroom with dressing area and en-suite shower room Second generous double bedroom Two allocated parking spaces Pet-friendly development Close to Williamson Park and Lancaster city centre Excellent access to universities, hospital and M6 motorway EPC Rating: C Location The Residence is one of Lancaster's most distinctive addresses, occupying the former Moor Hospital and forming an iconic part of the city's skyline.
This Grade II listed development successfully combines historic architecture with contemporary living, creating a setting that feels both impressive and practical.
Residents enjoy beautifully maintained communal grounds and a genuine sense of community, whilst benefiting from a pet-friendly environment that is increasingly difficult to find in apartment developments.
Positioned just south of Lancaster city centre, the location offers excellent access to Williamson Park, home to the Ashton Memorial, woodland walks and popular weekend events.
Lancaster Royal Infirmary, Lancaster University and the city centre are all easily accessible, whilst nearby amenities include a Co-op supermarket, local shops and regular transport links.
The M6 motorway and Lancaster railway station are also within convenient reach for commuters.
Garden The enclosed garden offers a pleasant and private outdoor space, bordered by a mature hedge that creates a good degree of screening.
A paved patio provides room for seating and outdoor dining, while the lawn and gravelled areas keep maintenance straightforward.
Well-positioned planting and potted shrubs add colour and interest, creating an attractive space to relax and enjoy the outdoors.
Parking - Allocated Parking The two parking spaces are conveniently positioned close to the private garden entrance, with direct access into the flat via the French doors, making it ideal for bringing in shopping, deliveries and online shopping drop-offs.
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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