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See how verdicts work1-bedroom flat · LA1 5LN
No longer listedListed 111 days
Opportunity summary
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About
Laurel Bank, Lancaster The Location Laurel Bank is one of Lancaster’s most admired addresses, quietly positioned just off Cannon Hill and known for its private, leafy setting.
This is a location that feels tucked away from the pace of the city, with mature trees, elegant period buildings and a calm residential atmosphere, yet Lancaster city centre is still only a short walk away.
It is especially appealing to professionals, downsizers and buyers who want character and greenery without giving up convenience.
Lancaster Castle, the train station, independent cafés, restaurants, shops and the city’s cultural venues are all within easy reach, while nearby walking routes and established green surroundings give everyday life here a more relaxed, tucked-away feel.
Property Information Set within a handsome period building of just three homes, 3B Laurel Bank is a ground floor apartment with the sort of proportions and character that are increasingly hard to find.
High ceilings, ornate cornicing, deep skirting boards, large sash-style windows and feature fireplaces all work together to create a home with real presence, while the layout remains practical and easy to live in.
The apartment opens into a small entrance hallway, which gives access through to the principal rooms.
The living room is the standout space, an impressively generous room where the bay window draws in natural light and frames the leafy outlook beyond.
The solid wood flooring, deep blue tones and period fireplace create a room that feels both refined and comfortable, equally suited to quiet evenings, working from home or having friends over.
The kitchen sits separately and has the space to cook, dine and enjoy the room properly, rather than treating it as simply functional.
Gloss cabinetry, dark worktops, a gas hob and integrated oven provide a smart modern finish, while the feature fireplace, high ceiling and decorative plasterwork keep the room firmly connected to the character of the building.
The bedroom continues the feeling of space, offering far more than a standard sleeping area.
There is plenty of room for a large bed, wardrobes and seating, with a tall window looking out towards greenery.
The period fireplace and ceiling detailing add depth and personality, making it feel more like a peaceful suite than a standard bedroom.
The bathroom is fitted with a bath, WC and glass basin, finished in light tiling with a heated towel rail. Outside, the private front garden is a real asset.
Landscaped and mature, it gives the apartment its own green space to enjoy, whether that is morning coffee, a quiet read or simply the pleasure of having nature immediately outside the window.
Property Tenure The property is leasehold, with approximately 950 years remaining on the lease There is no ground rent payable With a monthly service charge of £186.25 Service charge covers buildings insurance, maintenance of the building and communal areas.
Material Information Council tax band: A Tenure: Leasehold with approximately 950 years remaining Ground rent: No ground rent payable Service charge: £186.25 per month, covering building insurance and maintenance of communal areas Heating: Gas central heating via a modern combination boiler installed on 29th March 2023 Boiler information: The boiler remains under warranty, with approximately seven years remaining, and was last serviced in March 2026 Additional information: Grade II listed building, located within a conservation area, with allocated parking to the front of the property EPC Rating: D Location Laurel Bank is one of Lancaster’s most admired addresses, quietly positioned just off Cannon Hill and known for its private, leafy setting.
This is a location that feels tucked away from the pace of the city, with mature trees, elegant period buildings and a calm residential atmosphere, yet Lancaster city centre is still only a short walk away.
It is especially appealing to professionals, downsizers and buyers who want character and greenery without giving up convenience.
Lancaster Castle, the train station, independent cafés, restaurants, shops and the city’s cultural venues are all within easy reach, while nearby walking routes and established green surroundings give everyday life here a more relaxed, tucked-away feel.
Garden Front garden with mature planting and a leafy outlook, offering a peaceful spot for morning coffee, summer reading or simply enjoying greenery so close to the city.
Parking - Allocated Parking Allocated parking for one vehicle
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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