2-bedroom terraced house · LA1 3AP
Sold STCListed 354 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location Dale Street is located in the ever-popular Primrose area of South Lancaster, a short walk from the city centre and close to the University of Cumbria.
This established residential area is well served by local shops, cafes, and schools, and benefits from excellent public transport links.
Both Greaves Park and the canal are nearby, offering attractive green spaces for walking and cycling.
The city centre, train station, and major bus routes are all easily accessible on foot, making this a convenient setting for professionals, families, and investors alike.
Property Overview This stone-fronted terrace offers excellent potential for buyers looking for a renovation project close to the city centre.
The property is arranged over four levels, including a cellar, and has already undergone some internal layout changes.
Originally a three-bedroom home, it has been reconfigured to provide two generous bedrooms and an additional reception area.
The ground floor includes a bright front lounge with a large bay window, a second reception room to the rear, and a compact kitchen that leads to a ground floor shower room.
The cellar, accessed from the front, provides useful storage or workshop space with power and lighting.
On the first floor, there is a spacious landing with a fire escape, a large double bedroom, and a modern shower room with grey tiling and a walk-in cubicle.
The second bedroom occupies the entire top floor, offering an impressive amount of space and scope for conversion or redesign, subject to the relevant permissions.
Externally, there is an enclosed rear yard with a raised metal staircase leading to the first-floor fire escape.
The property has had some roof repairs carried out, and while some internal work has been undertaken, buyers should approach with a view to further refurbishment and compliance work.
Key Information Mid-terrace stone property arranged over four levels Two bedrooms (originally four) Cellar with power and light Gas central heating Fire escape from first floor Enclosed rear yard Council Tax Band B Freehold property No onward chain EPC Rating: G Location Dale Street is located in the ever-popular Primrose area of South Lancaster, a short walk from the city centre and close to the University of Cumbria.
This established residential area is well served by local shops, cafes, and schools, and benefits from excellent public transport links.
Both Greaves Park and the canal are nearby, offering attractive green spaces for walking and cycling.
The city centre, train station, and major bus routes are all easily accessible on foot, making this a convenient setting for professionals, families, and investors alike.
Yard The enclosed rear yard has been utilised to create potential parking options. Parking - Off Street Potential to use the rear yard as parking.
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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