1-bedroom flat · LA1 3TG
Listing removedReduced £10k (−7.1%) on 28 AugListed 204 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting a rare opportunity to acquire a stunning and quirky one bedroom split level apartment, situated within the spectacular Grade II listed development The Residence.
Boasting full height ceilings and striking stone columns, the ideal first time buy or investment opportunity is an exciting addition to the market with its clever design and high quality contemporary finishes in every room.
Forming one of only four similar style properties, the unique property must be viewed to appreciate the internal living accommodation on offer.
The Accommodation This beautifully designed spacious one-bedroom, ground-floor apartment is situated in the historic Moor Hospital, dating back to 1883 and remaining as a commanding presence of the Lancaster skyline ever since.
The conversion to create the Residence development has kept many of the spectacular period features that make this place a truly unique offering, combining modern luxury and history.
The apartment is tastefully decorated and ready to move in, internally comprising a welcoming entrance hallway with cupboard including extra hidden storage, an impressive lounge / diner complete with additional storage cupboard and patio door leading out onto the paved terrace, a luxury modern fitted kitchen complete with Neff integral appliances, a three piece bathroom suite and a good sized double bedroom.
Let's Look Outside.. The private terrace faces the recently landscaped inner courtyard and provides an inviting space for a table and chairs.
The flat does also come with allocated parking (RO70) with plenty of visitors parking also available at The Residence The Location Ideally positioned for Williamson Park and the iconic Ashton Memorial, The Residence offers easy access to a plethora of amenities in the historic city of Lancaster as well as a popular local convenience store within a five minute walk.
It also serves as an excellent base for those seeking a holiday home, with proximity to the national parks of the Lake District and Yorkshire Dales.
Within close reach are high street shops, numerous restaurants, bars, supermarkets, well-regarded schools, the Royal Infirmary, and a West Coast mainline railway station.
Local buses provide regular transportation around the city, and the location benefits from easy access back routes to the Universities of Lancaster & Cumbria.
Furthermore, for commuters, the M6 motorway is just over three miles away.
The Situation The property is being sold due to relocation and is likely available with no onward chain if the situation requires.
Services The property boasts gas central heating and has the benefit of super fast fibre broadband. Mains electricity, water and drainage are in service as anticipated.
Tenure The property is leasehold with a title number LAN183004.
It is held on a balance of 250 years from 2014 and has a ground rent at £187.08 every six months and a service charge at £246.23 per month. Council Tax Band B via Lancaster City Council.
Viewings Strictly by appointment with Houseclub Estate Agency. Energy Performance Certificate A full copy is available online, contact our office for any further details.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 7 South Wing, The Residence, Lancaster
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