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See how verdicts work2-bedroom flat · LA1 3TE
Under offerReduced £10k (−4.3%) on 28 OctListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location The Residence on Kershaw Drive sits within one of South Lancaster’s most distinctive developments, set behind mature hedging and period stone architecture that gives the area a calm, established feel.
This part of LA1 is popular with professionals and downsizers who value privacy and green surroundings while staying well connected.
Lancaster city centre, the train station and the university campuses are all within easy reach, making it a practical base for day-to-day life. Green space is a real part of the appeal here.
The development is surrounded by well-kept grounds and tree-lined outlooks, with nearby walking routes offering an easy way to get outside without leaving the neighbourhood.
Road links towards the city, the M6 and the wider North Lancashire area are straightforward, and the sense of space around The Residence continues to set it apart from more conventional apartment living.
Property Description Accessed via its own private entrance on the corner of the building, this ground floor apartment immediately feels more like a small home than a typical apartment.
A gated pathway leads through the private, north-east facing garden, where a flagged seating area and lawn create a useful outdoor space that’s easy to enjoy and maintain.
A full-height glazed door opens directly into the kitchen, setting the tone for the light, modern interior.
The open-plan kitchen, living and dining space is generous in scale and works well for everyday living as well as hosting.
The kitchen is fitted with high-gloss white units and fully integrated appliances, keeping the layout clean and uncluttered.
Two large feature windows sit at the corner of the room, bringing in plenty of natural light and offering a clear outlook across Kershaw Drive — even allowing you to see the allocated parking spaces from the living area.
Both bedrooms are well proportioned and quietly positioned.
The main bedroom has an angular layout that adds interest without compromising space, along with a smart en-suite shower room that has seen very little use.
The second bedroom overlooks the private garden and has been freshly painted, making it an ideal guest room or home office.
The main bathroom is fully tiled and finished to a high standard, having been rarely used.
Throughout, the apartment has been recently redecorated, with clean carpets and a neutral finish, and is offered chain free.
Material Information Leasehold property with approximately 238 years remaining Service charge: £3,939.39 annually Ground rent: £374.16 per annum , payable in two instalments Management company: Glide Private, north-east facing garden with lawn and flagged seating area Two allocated parking spaces Septic tank (emptied periodically) Key Features Private entrance giving a more independent, house-like feel Corner position with excellent natural light throughout Large open-plan living space ideal for modern lifestyles Fully integrated, high-gloss kitchen with clean, contemporary lines Direct access to a private garden for everyday outdoor use Main bedroom with en-suite, offering separation and privacy Chain-free Well-kept development with a strong sense of space and privacy EPC Rating: C Garden A private, north-east facing garden with flagged seating area and lawn Parking - Allocated parking
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.
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FAQ
About Kershaw Drive | A Rare Ground-Floor Home with Parking and Outdoor Space
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