2-bedroom flat · LA1 1AD
For saleListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase a two bedroom second floor apartment located on River Street in central Lancaster with views over the River from the apartment.
Situated right on the banks of the River Lune and within walking distance of the city centre shops, restaurants and transport links, this modern home offers convenient city living with high-grade building amenities including lift access and dedicated parking.
The well-proportioned accommodation features an impressive open-plan reception room and kitchen with a stylish breakfast bar, ideal for everyday living and entertaining.
The master bedroom benefits from its own en-suite shower room, while the versatile second bedroom provides direct access through to the reception space.
The property is completed by a main family bathroom featuring a separate shower enclosure.
Leasehold information: Ground Rent Payable: Yes Annual Ground Rent: £1 (if collected) Service Charge: £1169 pa, paid quarterly Length of the Lease: 999 Start Date of the Lease: 01/12/2002 Council Tax Information: Band C Agent Note In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations.
Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.
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
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FAQ
About River Street, Lancaster
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