We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · LA1 5PY
Listing removedListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charming Two-Bedroom Terrace with Basement and Loft Rooms!
Situated on the ever-popular Coverdale Road, this characterful two-bedroom mid-terrace offers generous living space, original features and fantastic versatility, ideal for first-time buyers or a growing family.
Step inside and you’re welcomed by beautiful Victorian tiling in the hallway, setting the tone for the charm found throughout.
The open-plan lounge and dining room creates a bright and sociable space, flowing through to the kitchen at the rear.
From here, stairs lead down to the lower ground floor, where you’ll find a versatile basement room and separate utility area, perfect for storage, hobbies, or working from home.
Upstairs, there are two well-proportioned bedrooms and a family bathroom, while the loft room offers an additional flexible space with stunning views across Lancaster.
Externally, the property benefits from a generous rear yard, providing plenty of space for outdoor seating and low-maintenance enjoyment.
Within walking distance of the train station and excellent local amenities, this charming home combines character, practicality and a fantastic location.
Entrance Hallway - Tiled entrance vestibule with partially tiled walls. Tiled floor in entrance hallway, radiator, stairs to first floor.
Lounge/Dining Room - Carpeted in lounge area, double glazed bay window to front, radiator, feature fireplace.
Wooden floorboards in dining area, multi fuel wood burning stove, double glazed window to rear, radiator.
Kitchen - Vinyl flooring, double glazed window to rear, range of matching wall and base units, space for freestanding hob and oven, space for under counter fridge/freezer and dishwasher, stairs down to basement rooms.
Basement Room - Concrete floor, radiator, power sockets, double glazed door out to yard.
Utility Room - Vinyl flooring, plumbing for washing machine and space for tumble dryer, door to yard, small double glazed window, Victorian salt glazed stoneware sink, W.C.
First Floor Landing - Stairs to loft room, carpeted, storage cupboard.
Bathroom - Vinyl flooring, radiator, large frosted double glazed window to rear, corner bath with overhead electric shower, wash hand basin with storage, storage cupboard and W.C.
Bedroom One - Carpeted, large double glazed window to rear, radiator. Bedroom Two - Carpeted, large double glazed bay window to front, radiator.
Loft Room - Two Velux windows with wonderful views over Lancaster, carpeted. Outside - Small stone storage shed, gate access to alley. Small front garden with raised beds and gate access to pavement.
Useful Information - Tenure Freehold Council Tax Band (A) - £1,578.14
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.
Area
Agent & docs
FAQ
About Coverdale Road, Lancaster
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