2-bedroom flat · LA1 3ET
To rentListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Completely refurbished two bedroom apartment situated in a superior position in Lancaster, that gives panoramic views of the local skyline.
The property has brand new decoration and carpets, there is also the benefit of private permit parking and a secure garage.
Derwent Road is located in an elevated position looking over the City of Lancaster and the properties in the area range from small terraces to large detached houses.
The local schools are within walking distance, that also includes local playing fields and Williamson Park.
This is a desirable residential area and the development is not overlooked at the front or the rear. There is some common land in front of the development that allows the panoramic views.
The front door of the property opens into the hallway that gives access to all of the rooms. There is an open plan living room and kitchen area that is a great focal point for the property.
The window to the front takes in the views and this large room has space for a table and chairs.
The kitchen area is laid out so that there is a separation of spaces and allows for a breakfast bar style. The kitchen has a built in stainless steel oven and ceramic hob.
The window in the kitchen overlooks the trees to the rear of the apartment. The modern white three piece bathroom suite includes a bath, sink and toilet.
The bath has the benefit of an over bath shower. The main bedroom is to the front of the property and the second to the rear, both can accommodate a double bed.
The second bedroom includes a built in wardrobe. The property has under floor heating that is run on an economy seven tariff. The property is in band A for council tax and rated for water.
Features Secure Car parking Open Plan Lounge Full Double Glazing Oven/Hob
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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

FAQ
About Derwent Road, Lancaster, LA1
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