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See how verdicts work2-bedroom flat · LA1 2AT
No longer listedListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Location Millennium Heights occupies a convenient riverside position on Lune Street, placing Lancaster city centre within comfortable walking distance.
Shops, cafés, restaurants and everyday amenities are all close at hand, while Lancaster Bus Station and the railway station provide useful connections across the city and beyond.
The River Lune creates a more open outlook than buyers might expect from such a central setting, with nearby riverside routes offering an easy place to walk or unwind.
This well-connected location should appeal to first-time buyers, professionals and investors alike, particularly those wanting to enjoy city life without relying on a car.
Lancaster’s universities, hospital and major employment centres are also readily accessible, adding to the apartment’s practical appeal.
The Property Combining two double bedrooms, open-plan living and views towards the River Lune, this first-floor apartment offers an affordable way to enjoy a central Lancaster lifestyle.
The entrance hallway creates a practical welcome, with two cupboards providing valuable storage and helping to keep everyday belongings neatly tucked away.
From here, the accommodation opens into a sociable kitchen and living room designed for relaxed, easy living.
There is space to cook, dine and settle down together, while patio doors bring in natural light and open to a Juliet balcony overlooking the river.
It is an outlook that gives the room a welcome sense of openness, whether you are enjoying a quiet morning coffee or unwinding at the end of the working day.
The kitchen is fitted with matching wall and base units, an electric oven and hob, alongside spaces for a fridge freezer and washing machine.
An electric fire provides an additional focal point within the living area. Both bedrooms are comfortable doubles, giving the apartment useful flexibility.
One could become a dedicated guest room, home office or space for a sharer, depending on the buyer’s needs.
The bathroom completes the accommodation with a white suite comprising a bath with shower above, washbasin and WC.
Millennium Heights has communal areas managed as part of the development, including lift access.
With a successful letting history and the city centre close by, the apartment could work equally well as a first home, convenient city base or addition to a rental portfolio.
Material Information Leasehold; the advertised lease term is 999 years. Buyers should confirm the commencement date and remaining term through their solicitor.
Ground rent: Not stated in the supplied information and must be confirmed through the legal documentation. Service charge: £250 per calendar month at the time of listing.
The service charge is stated to include buildings insurance, cleaning, maintenance and decoration of communal areas, together with lift servicing.
The development is managed by Homestead Management Company. Council Tax Band B.
Electric heating and double-glazed windows; buyers should satisfy themselves regarding the condition and certification of all services.
Key Features First-floor apartment overlooking the River Lune Open-plan living designed for sociable everyday life Juliet balcony bringing light and openness to the living space Two double bedrooms offering flexibility for guests or home working City-centre shops, cafés and transport links within walking distance Useful hallway storage for a clutter-free home Lift access within the development An appealing opportunity for first-time buyers and investors EPC Rating: D Location Millennium Heights occupies a convenient riverside position on Lune Street, placing Lancaster city centre within comfortable walking distance.
Shops, cafés, restaurants and everyday amenities are all close at hand, while Lancaster Bus Station and the railway station provide useful connections across the city and beyond.
The River Lune creates a more open outlook than buyers might expect from such a central setting, with nearby riverside routes offering an easy place to walk or unwind.
This well-connected location should appeal to first-time buyers, professionals and investors alike, particularly those wanting to enjoy city life without relying on a car.
Lancaster’s universities, hospital and major employment centres are also readily accessible, adding to the apartment’s practical appeal.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Apt 1, Millennium Heights Lune Street, Lancaster
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