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 house · LA1 2BU
Listing removedReduced £7.5k (−7.5%) on 21 AugListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ready for its next chapter, this end-terraced property offers an affordable opportunity for those looking to take on a small project and add value. Grab your vision goggles and book your viewing!
Requiring a manageable amount of modernisation, the house has plenty of scope for improvement.
The living room features a stone fireplace which could once again, and easily become a focal point of the room, while the kitchen which in decent condition (and with white good included in he sale)would benefit from some updating and redecoration.
Simple fixes which could have a huge impact. A particular selling point is the good-sized rear yard.
Being south facing, it enjoys plenty of sunshine and offers more outdoor space than many similar properties. By adding privacy and taking advantage of the size there’s a further opportunity here too.
Upstairs, there is a generous double bedroom to the front, a bathroom and a small single bedroom to the rear. The second bedroom would work well as a child’s room, study or dressing room.
Conveniently located within walking distance of local amenities, regular bus services, Lancaster city centre and the river, the property is well placed for day-to-day convenience.
Offered for sale with no onward chain, this is a property with clear potential for buyers prepared to put their own stamp on it.
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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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.
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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
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FAQ
About 38, Broadway, Lancashire
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