2-bedroom house · LA1 5LZ
Listing removedListed 83 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two-bedroom mid-terraced home is situated on Gerrard Street, within easy reach of Lancaster city centre, the railway station and a wide range of local shops, amenities and transport links.
The accommodation opens into a bright and welcoming living room, featuring a fireplace with a contemporary stove-style fire.
To the rear is a generously proportioned dining room with useful fitted storage, space for a dining table and stairs leading to the first floor.
An opening connects through to the modern kitchen, which is fitted with white shaker-style units, wood-effect worktops, a gas hob, electric oven and space for appliances.
Upstairs, the property offers two bedrooms, including a spacious main double bedroom and a well-proportioned second bedroom suitable for use as a guest room, home office or dressing room.
The bathroom is fitted with a white three-piece suite, including a bath with shower above. Externally, there is an enclosed rear yard with useful timber storage buildings.
Beyond the yard, the property also benefits from access to an additional garden area, providing valuable outdoor space.
The property is shown furnished in the marketing photographs but will be offered on an unfurnished basis.
Connectivity The estimated mobile coverage at this property is: EE: Okay O2: Outstanding Three: Outstanding Vodaphone: Outstanding The estimate available broadband speed at this property is: Basic (adsl): 14mb Fibre to the Street Cabinet (fttc): 45mb Fibre to the Premises (FTTP): 1800mb The above speeds represent the average speeds and fibre availability in the area and do not necessarily mean that this property is currently connected to all available options.
Your chosen internet provider will be able to advise on the required equipment and what they are able to offer.
Please remember that you will need to seek permission if your provider needs to carry out any changes or drilling at the property.
Application & Viewing Information If you have seen our virtual viewing video, and are interested in applying for the property please follow the link to the application page (This may only appear on the web version rather than the app).
We will need one application per household. The landlord will make a decision on which applicant they wish to proceed with and their decision will be final.
If your application is accepted, we will then be able to get a physical viewing booked in. Reposit We’ve partnered with a company called Reposit who offer an alternative to paying a cash deposit.
By using Reposit you can save a lot of money upfront as you will only need to pay the Reposit fee of £196.15 instead of a cash deposit which will be £980.00.
The Reposit fee is not refundable at the end of the tenancy. You can use the money you save to spend on something you actually want!
Please note that just like a normal deposit, you are still liable for any valid, end-of-tenancy charges.
The difference with Reposit is that you keep control of your cash and only pay these if they actually occur at the end of your tenancy, rather than paying at the start.
If you stay beyond a 12 month period, a £30 charge will be payable to reposit once a year to continue the cover. This is optional and a normal deposit scheme is also available.
Reposit is subject to certain referencing criteria and may not be granted following referencing.
Cost Information If your application is successful and, following a viewing, you proceed to referencing stage, a holding deposit equal to £196.15 will be taken via our referencing platform LetAlliance.
This will then go towards your first month's rent when the tenancy starts.
The holding deposit will be retained by the agent if the tenancy falls through for one of the following reasons: * You decide not to rent the property * You give wrong or misleading information * You cannot pass a 'right to rent' immigration check The standard deposit on this property will be £980.00 JD Gallagher Estate Agents are part of Client Money Protect who provide them with cmp insurance and are part of The Property Ombudsman Scheme.
We may charge a tenant any or all of the following when required: 1. The rent 2. A security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year 3.
Default fee for late payment of rent (after 14 days) 4. Reasonable charges for lost keys or security fobs 5.
Payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant 6.
Payments associated with early termination of the tenancy, when requested by the tenant 7.
Payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
EPC Rating: D Location Gerrard Street is a convenient residential location within easy reach of Lancaster city centre, making it well suited to professionals, couples and those wanting good access to local amenities.
A range of shops, cafés, supermarkets and everyday services can be found nearby, while Lancaster railway station, Lancaster University and the Royal Lancaster Infirmary are also readily accessible.
The area is well connected by local bus routes and road links, with straightforward access towards Morecambe, the Bay Gateway and the M6.
Lancaster’s historic city centre, canal-side walks and green spaces are also close by, offering a practical and well-connected place to live.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
.png)
FAQ
About 39 Gerrard Street, Lancaster
Explore nearby