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See how verdicts work3-bedroom flat · LA1 1AY
Listing removedReduced £15k (−7%) on 21 JunListed 383 days
Opportunity summary
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About
Location Set along the River Lune, Waterside enjoys one of Lancaster’s most attractive positions, combining a peaceful riverside outlook with city-centre convenience.
Step outside and you’ll find pleasant walks along St George’s Quay and Millennium Bridge, while cafés, restaurants, and independent bars are all within easy reach.
Everyday shopping is covered with Sainsbury’s and Aldi close by, and Lancaster’s bustling market, high street retailers, and cinema are just a short stroll away.
For leisure, Williamson Park with its 54 acres of green space and the iconic Ashton Memorial is a quick drive or bus ride, and the historic Lancaster Castle and Priory are nearby for those who enjoy exploring the city’s heritage.
Excellent transport links make commuting simple - Lancaster train station is within walking distance, offering direct services to Manchester and London, while the Bay Gateway connects quickly to the M6.
Morecambe Bay, the Forest of Bowland, and the Lake District are all within easy reach for weekends outdoors.
Property Details This spacious three-bedroom duplex apartment combines light-filled interiors with a blend of beautiful views and mature trees.
On entering, a welcoming hallway leads to a well-planned kitchen with a range of fitted units and space for appliances.
The heart of the home is the expansive living room, featuring vaulted ceilings, a Juliet balcony, and a spiral staircase rising to a mezzanine level.
The elevated outlook takes in sweeping views across the River Lune, towards the estuary and beyond.
The mezzanine provides a versatile open space, perfect for a home office, studio, or additional bedroom, complete with large windows maximising natural light.
On the main level, there are two comfortable bedrooms.
The principal bedroom benefits from fitted wardrobes and an en-suite shower room, while the second bedroom is served by the modern family bathroom, fitted with a three-piece suite including bath and overhead shower.
A hallway cupboard houses the boiler, with a full service history available. Externally, the apartment enjoys an allocated parking space, adding convenience to this central riverside setting.
Leasehold Information This is a leasehold property. It is managed by Leasecare ltd. There is no ground rent.
The annual management fee / service charge is £1780.00 It is a 999-year term which started in 2003 Key Features Duplex apartment set across two floors Three bedrooms (including mezzanine level) Expansive living room with vaulted ceiling and river views Principal bedroom with fitted storage and en-suite shower room Family bathroom with bath and overhead shower Kitchen with fitted units and space for appliances Allocated parking space Council Tax Band: D Full boiler service history available Leasehold property There is no ground rent Monthly service/management charge: £1780.00 EPC Rating: D Location Set along the River Lune, Waterside enjoys one of Lancaster’s most attractive positions, combining a peaceful riverside outlook with city-centre convenience.
Step outside and you’ll find pleasant walks along St George’s Quay and Millennium Bridge, while cafés, restaurants, and independent bars are all within easy reach.
Everyday shopping is covered with Sainsbury’s and Aldi close by, and Lancaster’s bustling market, high street retailers, and cinema are just a short stroll away.
For leisure, Williamson Park with its 54 acres of green space and the iconic Ashton Memorial is a quick drive or bus ride, and the historic Lancaster Castle and Priory are nearby for those who enjoy exploring the city’s heritage.
Excellent transport links make commuting simple - Lancaster train station is within walking distance, offering direct services to Manchester and London, while the Bay Gateway connects quickly to the M6.
Morecambe Bay, the Forest of Bowland, and the Lake District are all within easy reach for weekends outdoors. Parking - Allocated Parking Parking - Permit
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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