2-bedroom terraced house · LA1 3AX
Sold STCListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in Lancaster's popular Primrose area, this stone-built home is ready for a new owner to make their mark.
With a brand new roof, gas central heating with new radiators throughout and FTTP broadband already in place, the groundwork is done, leaving you free to focus on the finishing touches.
EPC Rating: D The Property A traditional stone-built terrace dating from the 1910s-30s, offering a genuine blank canvas for a new owner to add their own stamp.
Downstairs you'll find a welcoming lounge, an extended kitchen with plenty of room to work with, and a ground floor bathroom. Upstairs are two bedrooms plus handy storage space off the landing.
The current owners have added a rear extension with planning permission in place, and had the entire roof replaced in 2015, covering both the original house and the extension, so the bones of the home have been well looked after even where cosmetic updates are still to come.
Freehold, council tax band A. Location Westham Street sits in Lancaster's popular Primrose area, within easy walking distance of the city centre and its shops, bars and restaurants.
Families are well served too, with Bowerham Primary School and Lancaster Royal Grammar School close by, alongside the Lancaster Hospital and a nearby GP surgery.
It's also a short hop from the university, making it a versatile spot for first time buyers, families or investors alike.
Anti-Money Laundering Checks As a regulated agency, we're required by law to carry out Anti-Money Laundering checks on all parties involved in a property transaction.
To complete these checks efficiently, we use a trusted third-party provider, which carries a non-refundable charge of £30 incl. VAT per person, payable by the purchaser.
This is a standard industry requirement and helps keep the buying process safe and compliant for everyone involved.
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.
Area
Agent & docs
FAQ
About Westham Street, Lancaster, LA1
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