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See how verdicts work2-bedroom flat · LA1 1AY
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Location Waterside occupies a convenient position alongside the River Lune, just moments from Lancaster city centre.
With Sainsbury's immediately adjacent, Lancaster Bus Station directly opposite and a wide selection of shops, cafés, restaurants and leisure facilities within walking distance, the development is particularly well suited to those seeking the convenience of city living.
The nearby Millennium Bridge provides pedestrian and cycle access across the River Lune, connecting to popular riverside walking routes and Lancaster's wider cycle network.
Lancaster railway station is also within walking distance, offering mainline connections to Preston, Manchester and beyond.
This central location is particularly appealing to first-time buyers, professionals, downsizers and investors, combining excellent transport connections with easy access to everyday amenities and the surrounding riverside.
Property Information This spacious ground-floor apartment offers approximately 627 sq ft of accommodation, featuring two double bedrooms, two shower rooms and a generous living and dining area.
Positioned within the popular Waterside development, the property enjoys a pleasant outlook towards established greenery, with glimpses of the River Lune and Millennium Bridge beyond.
Its practical layout and central location make it an attractive option for a variety of buyers.
The apartment opens into a spacious living and dining room, offering plenty of room for comfortable seating and a separate dining area.
A large window provides natural light, while a combination of carpeting and wood-effect flooring helps define the living spaces.
The separate fitted kitchen features a range of wood-effect wall and base units, contrasting worktops, an integrated oven and hob, and space for additional appliances.
The living room also benefits from a wall-mounted telephone entry system, allowing residents to communicate with visitors at the communal entrance.
There are two well-proportioned double bedrooms, with the principal bedroom offering generous space for bedroom furniture and benefiting from its own en suite shower room.
The second bedroom overlooks the landscaped internal courtyard and would work equally well as a guest room or home office.
A further shower room provides additional convenience, particularly for those sharing the apartment or accommodating visitors.
Being situated on the ground floor, the apartment offers convenient access without the need for stairs.
Established planting around the development provides a degree of privacy, while communal outdoor spaces and nearby riverside walks offer opportunities to enjoy the surroundings.
With its spacious accommodation, two bathrooms and excellent city centre position, this is a practical home with plenty to offer.
Material Information Tenure: Leasehold Heating: Electric wall-mounted storage heaters Hot Water: Electric immersion heater Windows: Double glazed Entry System: Telephone entry system with wall-mounted handset in the living room Floor Level: Ground floor Leasehold Information Lease Length: There are 974 years remaining.
No Ground Rent Service Charge: Approximately £1870.00 per annum Management Company: Waterside Village (Lanc) Management Company Ltd.
Key Features Spacious Ground-Floor Apartment Two Well-Proportioned Double Bedrooms Two Shower Rooms Including En Suite Approximately 627 Sq Ft of Accommodation Generous Living and Dining Room Separate Fitted Kitchen Telephone Entry System for Communal Entrance Moments from the River Lune Walking Distance to Lancaster City Centre Ideal for First-Time Buyers or Investors EPC Rating: C
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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FAQ
About Waterside, Lancaster | Riverside Living
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