2-bedroom flat · LA1 3SY
For saleListed 106 days
Opportunity summary
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About
The Residence occupies the magnificent former Lancaster Moor Hospital, a landmark Grade II listed complex whose origins date back to the early Victorian period.
The original County Hospital opened in 1816, with the imposing later buildings that form much of The Residence today constructed during the nineteenth century as the institution expanded.
Designed in a striking Gothic Revival style, the building is instantly recognisable for its dramatic towers, warm sandstone elevations, arched windows and commanding position overlooking the surrounding countryside.
Today, arriving at The Residence remains an experience in itself.
The magnificent sandstone façade, landscaped communal grounds and impressive architectural detailing provide a wonderful sense of occasion, while the elevated position affords far-reaching views across Lancaster, Morecambe Bay and towards the distant Lakeland fells.
Positioned within the South Wing, number 114 is a spacious apartment extending to approximately 843 sq. Ft. And offers a well-balanced layout that makes excellent use of the available space.
Entering the apartment, the hallway provides access to the principal accommodation and immediately establishes the practical nature of the home.
The heart of the apartment is the superb open-plan lounge and dining room, an exceptionally generous living space measuring approximately 5.6m x 5.3m.
Bright, comfortable and wonderfully versatile, there is ample room to create clearly defined areas for relaxing, entertaining and dining.
The current arrangement demonstrates just how comfortably the space can accommodate substantial sofas, occasional furniture and a full-size dining table without ever feeling overcrowded.
High ceilings and large windows enhance the feeling of space, while the predominantly neutral décor allows purchasers to easily introduce their own personality.
One of the apartment’s most attractive features is the private enclosed terrace, accessed directly from the living accommodation.
Measuring approximately 3.2m x 2.0m, this wonderful additional space provides somewhere to sit with a morning coffee, read a book or simply enjoy the outlook towards the mature trees and surrounding countryside.
Large windows flood the terrace with natural light, creating a peaceful retreat that feels wonderfully connected to the landscape beyond.
The kitchen sits conveniently alongside the main living accommodation and is fitted with a comprehensive range of contemporary white cabinetry, contrasting work surfaces, tiled splashbacks and integrated cooking appliances.
There is excellent storage and preparation space, while the open connection with the living and dining areas makes the layout particularly sociable.
The main bedroom is exceptionally generous, measuring approximately 5.0m x 3.3m.
Large fitted wardrobes provide an impressive amount of storage without compromising the available floor space, while the room comfortably accommodates a substantial bed and additional furniture.
The principal bedroom also benefits from its own en-suite shower room, providing excellent convenience and creating a genuine sense of separation from the remainder of the accommodation.
The second bedroom is another well-proportioned double room and would make an excellent guest bedroom, home office or permanent second bedroom.
For those now working from home, it offers the flexibility to create a dedicated workspace without sacrificing the principal living accommodation.
A separate bathroom completes the apartment, fitted with a contemporary white suite and bath with shower facilities.
There is also a useful dedicated store positioned off the hallway, providing valuable additional storage within the apartment.
Practicality is equally well considered, with the apartment benefiting from two dedicated parking spaces conveniently positioned to the front of the building, providing secure and effortless parking for both residents and visitors.
For those embracing a more active lifestyle, residents also have access to a communal bike storage cupboard, offering a safe and convenient space to store bicycles, making it easy to enjoy the surrounding countryside or commute into Lancaster with ease.
Beyond the apartment itself, one of the greatest advantages of living at The Residence is the combination of historic surroundings and modern convenience.
Lift access within the building makes the apartment particularly attractive to downsizers and buyers looking for accessible, single-level accommodation, while the generous proportions provide considerably more space than many modern apartments.
For first-time buyers, this is an opportunity to purchase a genuinely distinctive home.
Rather than compromising on space or settling for a conventional modern development, 114 South Wing offers two bedrooms, two bathrooms, substantial living accommodation and a private terrace, all within one of Lancaster’s most recognisable landmark buildings.
Location The Residence is a prestigious development located on the eastern outskirts of Lancaster, housed within a Grade II listed building that was formerly the 'Moor Hospital'.
The South Wing of The Residence offers exclusive and elegant apartments, combining historical architecture with modern living.
Residents of The Residence enjoy proximity to Lancaster's vibrant city center, which offers a rich cultural and music scene, a variety of high street and independent shops, and excellent healthcare facilities.
The development is conveniently located near bus routes, the M6 motorway (junction 33), Lancaster University, Lancaster Royal Infirmary, and the renowned Williamson Park.
The communal areas of The Residence are meticulously maintained, providing residents with impressive spaces without the burden of upkeep.
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.
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FAQ
About The Residence, Kershaw Drive, Lancaster
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