1-bedroom flat · LA1 1AT
Sold STCReduced £10k (−8.3%) on 14 AugListed 833 days
Opportunity summary
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About
Location Nestled in Lancaster city centre, Mill View House on Aalborg Place offers a prime location along the picturesque Lancaster Canal.
Just moments from high street shops, restaurants, and amenities, the property provides convenient access to both universities, Lancaster Royal Infirmary, and the M6 motorway.
Enjoy peaceful moments on the canal towpath at your doorstep, and indulge in good food at the nearby White Cross pub and restaurant with its friendly and welcoming atmosphere.
Property description This corner plot 1 bedroom studio offers panoramic views over the beautiful city of Lancaster through its floor-to-ceiling windows.
The attractive open plan lounge and kitchen area lead out to a triangular balcony, offering a serene view of the canal.
The double bedroom is flooded with natural light from a wall of windows adorned with fitted vertical blinds, while the bathroom exudes a spacious feel with its white suite and chrome fittings and chrome towel warmer.
The hallway boasts two handy storage cupboards, one of which houses the hot water cylinder.
Throughout, the property is finished in a tasteful neutral décor, offering a blank canvas for personalisation. For added convenience, lifts operate to all floors, entry by secure keypad.
A secure bike store is located on the basement level, accessible only with key entry.
Surrounding the property is a well-maintained communal area, ideal for leisurely walks or simply soaking in the peaceful ambience.
With its strategic location and stunning outdoor space, this property offers the epitome of modern urban living, combining comfort, convenience, and natural beauty in one exceptional package.
Additional information Parking by permit Council tax band A Electric heating Secure entrance intercom system EPC Rating: C Location Estled in Lancaster city centre, Mill View House on Aalborg Place offers a prime location along the picturesque Lancaster Canal.
Just moments from high street shops, restaurants, and amenities, the property provides convenient access to both universities, Lancaster Royal Infirmary, and the M6 motorway.
Enjoy peaceful moments on the canal towpath at your doorstep, and indulge in good food at the nearby White Cross pub and restaurant with its friendly and welcoming atmosphere.
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.
Area
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FAQ
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