1-bedroom flat · LA1 4AR
For saleListed 868 days
Opportunity summary
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About
*Come along to our Open Day - Saturday 28th March 2026 - from 11am to 3pm - book your place today!* Located at 142 Greaves Road in Lancaster, this charming third floor retirement apartment is perfect for those over 70 looking for a peaceful and convenient living space.
The property features 1 reception room, 1 bedroom, and 1 bathroom, ideal for a comfortable lifestyle.
Residents can enjoy the communal lounge and restaurant within the Williamson Court, adding a touch of community and convenience to everyday living.
Summary Williamson Court was built by McCarthy & Stone purpose built for assisted living. The development consists of 54 one and two-bedroom retirement apartments for the over 70s.
There is a Estate Manager on site and a 24-hour emergency call system provided via a personal pendant alarm and with call points in the bathroom.
This apartment features a fully fitted kitchen, large lounge / dining area with Juliet balcony, double bedroom with walk in wardrobe and separate shower room.
The development includes a Homeowners' lounge and landscaped gardens. There is a guest suite for visitors who wish to stay (additional charges apply).
A car parking – permit scheme applies, check with the Estate Manager for availability.
Williamson Court is located in the North West, Lancaster is conveniently situated only a couple of miles from the coast nestled between Manchester and the Lake District.
Set amidst spectacular scenery, the city offers easy access to the national road network and boasts strong rail links to the rest of the country.
A farmer’s market takes place every second Wednesday at Market Square and offers an array of local produce available for purchase.
Lancaster’s Norman Castle watches over the city and its sturdy walls enclose both a courthouse and a prison, the latter of which was closed in 2011.
Other local heritage attractions are the Priory and Parish Church, both famed for their unique architecture.
Take a trip to Morecambe Bay and watch waders march up the shore or spot seals lazing in the sea. In addition to its unique wildlife, the area also boasts spectacular seascape views.
It is a condition of purchase that all residents must meet the age requirements of 70 years.
Entrance Hall Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage cupboard/airing cupboard.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall. Doors lead to the bedroom, living room and bathroom.
Lounge Feature window and Juliet balcony, TV and telephone points. Two ceiling lights. Fitted carpets, raised electric power sockets. Partially double glazed doors lead onto a separate kitchen.
Kitchen Fully fitted kitchen with tiled floor. Stainless steel sink with mono block lever tap.
Built-in oven, ceramic hob with extractor hood and fitted integrated fridge, freezer and under pelmet lighting. Bedroom Benefiting from a walk-in wardrobe. Ceiling lights, TV and phone point.
Shower Room Fully tiled and fitted with suite comprising of walk-in shower, WC, vanity unit with sink and mirror above.
Service Charge • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, your water rates, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening.
Find out more about service charges please contact your Property Consultant or House Manager. Annual service charge of £9,651.83 for the financial year ending 30/06/2026.
Car Parking Subject To Availability Parking is by allocated space subject to availability. The fee is usually £250 per annum, but may vary by development.
Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Additional Information & Services • Super fast broadband available • Mains water and electricity • Electric room heating • Mains drainage Leasehold Information Lease: 999 year from 1st June 2016 Ground rent: £435 per annum Ground rent review: 1st June 2031
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 46 Williamson Court, 142 Greaves Road, Lancaster
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