2-bedroom flat · LA1 3LQ
Sold STCListed 130 days
Opportunity summary
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About
Location Thirlmere Court sits within the Ridge area of Lancaster, a practical residential setting just to the east of the city centre.
It is a location that works well for those who want everyday convenience without being right in the middle of town.
Lancaster city centre, the railway station, local bus routes, supermarkets, schools and healthcare facilities are all within reach, while Williamson Park and the open green spaces around the east side of the city offer places to walk, get outside and enjoy a change of pace.
The city centre is approximately a 10–15 minute walk away, with a pleasant route following the Lancaster Canal through attractive green surroundings.
This is a sensible setting for first-time buyers, downsizers or anyone looking for a comfortable UK base with easy access into Lancaster and the surrounding area.
Property information Set on the top floor of this established apartment building, Number 10 Thirlmere Court is a spacious and well-presented two-bedroom apartment that offers more room than many buyers may expect.
With two excellent double bedrooms, a generous lounge diner, a smart modern kitchen and a particularly well-finished shower room, it is a home designed for easy, low-maintenance living without feeling cramped.
Access is via the communal staircase, leading up to the apartment entrance. Once inside, the hallway gives a clear and practical layout, connecting each room in a simple way.
The main living room is one of the apartment’s real strengths, measuring over 17ft in length and comfortably allowing space for both relaxed seating and a dining table.
Large windows bring in natural light and frame a pleasant outlook across the communal garden area, helping the room feel open, comfortable and calm.
It is a space that works just as well for a quiet evening in as it does for having family or friends over for coffee or dinner.
The kitchen has been updated during the owners’ time here and is neatly arranged in a galley style.
It features shaker-style wood-effect cabinetry, quartz-effect work surfaces and a useful breakfast bar area, making it a practical space for everyday meals, morning coffee or a quick bite before heading out.
Both bedrooms are genuine doubles, which is a major advantage for this style of apartment.
Each room has space for a double or king-size bed, and both benefit from fitted wardrobe storage finished to a good standard.
This gives buyers useful built-in organisation without taking away from the floor space, making the bedrooms feel comfortable and well thought through.
The bathroom has also been finished to a strong standard, with a modern three-piece suite, large walk-in shower, tiled walls and flooring, vanity storage and a heated towel rail.
There is also an exceptionally deep storage cupboard, ideal for suitcases, cleaning equipment, household items or anything that usually needs its own place.
Over the owners’ time at the property, they have carried out a number of improvements, including new carpets, fitted bedroom wardrobes, a new bathroom, a new kitchen and redecoration.
Roof works were also completed in 2015. The result is an apartment that feels well cared for, easy to manage and ready for a buyer looking for space, comfort and practicality.
Over the owners’ time at the property, they have carried out a number of improvements, including new carpets, fitted bedroom wardrobes, a new bathroom, a new kitchen, replacement double-glazed windows and redecoration.
Roof works were also completed in 2015. The result is an apartment that feels well cared for, easy to manage and ready for a buyer looking for space, comfort and practicality.
Given Lancaster's status as a university city, the apartment may also appeal to investors seeking a buy-to-let opportunity, alongside those looking for a home of their own.
Externally, the apartment enjoys access to the communal areas surrounding the building, with garden views from the living space and the benefit of a top floor position.
Tenure information The property is leasehold, with over 900 years remaining on the lease. The management is currently paid to Was Berlad Graham Management Company.
At present, there is no service charge payable due to the change in management company. The ground rent is £100 per year, paid in two instalments of £50 every six months.
Material information Top floor two-bedroom apartment Approximate internal floor area: 614 sq ft / 57 sq m. Leasehold tenure with over 900 years remaining on the lease.
Ground rent is £100 per year, paid as £50 every six months. No service charge is currently payable due to the change in management company.
Modern kitchen, bathroom, carpets, fitted wardrobes and décor added during the owners’ time at the property. Roof works were completed in 2015. Replacement double-glazed windows installed.
EPC Rating: D Location Thirlmere Court sits within the Ridge area of Lancaster, a practical residential setting just to the east of the city centre.
It is a location that works well for those who want everyday convenience without being right in the middle of town.
Lancaster city centre, the railway station, local bus routes, supermarkets, schools and healthcare facilities are all within reach, while Williamson Park and the open green spaces around the east side of the city offer places to walk, get outside and enjoy a change of pace.
The city centre is approximately a 10–15 minute walk away, with a pleasant route following the Lancaster Canal through attractive green surroundings.
This is a sensible setting for first-time buyers, downsizers or anyone looking for a comfortable UK base with easy access into Lancaster and the surrounding area. Parking - Allocated Parking
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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