2-bedroom house · LA1 3PL
Sold STCListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Location Mill Street is a well-established residential street positioned on the edge of Lancaster city centre, offering excellent convenience for those who enjoy having everything close at hand.
The city centre is within comfortable walking distance, providing an excellent choice of independent shops, cafés, restaurants, supermarkets and leisure facilities, whilst Lancaster Railway Station is also nearby, making the property well suited to commuters travelling across the North West.
The area continues to prove popular with first-time buyers, investors and professionals thanks to its central position and excellent transport links.
Nearby attractions include Lancaster Castle, Williamson Park and the River Lune, while regular bus services and easy access to the M6 further enhance the appeal of this highly convenient location.
Property Information Offered with vacant possession, this traditional stone-built terraced home presents an excellent opportunity for buyers looking to modernise and add value.
While the property would benefit from cosmetic updating, it offers generous room sizes and a practical layout, providing a solid foundation for improvement.
The ground floor comprises a spacious living room with laminate flooring and a separate dining room, creating flexible living and entertaining space.
To the rear is a fitted galley-style kitchen featuring shaker-style units, wood-effect worktops, integrated oven and electric hob, together with space for additional appliances.
A door leads out to an enclosed rear yard.
Upstairs, the property offers three well-proportioned bedrooms, including two generous doubles and a comfortable single room which could also serve as a home office or nursery.
The family bathroom is fitted with a three-piece suite comprising a panelled bath with shower screen, pedestal wash basin and WC.
Well-proportioned throughout, the property provides an excellent opportunity for buyers to put their own stamp on a traditional Lancaster home.
Some cosmetic improvements, such as redecoration and updating a few floor coverings, would further enhance the presentation and allow the property to realise its full potential, making it an appealing option for first-time buyers, landlords and investors alike.
Material Information Freehold Council Tax Band: A Traditional stone-built terraced house UPVC double glazing Gas central heating Vacant possession Enclosed rear yard Key Features Traditional stone-built Lancaster terrace Three-bedroom accommodation Two reception rooms Fitted galley-style kitchen Family bathroom with three-piece suite Enclosed rear yard Gas central heating and UPVC double glazing Vacant possession Walking distance to Lancaster city centre and railway station Excellent opportunity to modernise and add value EPC Rating: D Location Mill Street is a well-established residential street positioned on the edge of Lancaster city centre, offering excellent convenience for those who enjoy having everything close at hand.
The city centre is within comfortable walking distance, providing an excellent choice of independent shops, cafés, restaurants, supermarkets and leisure facilities, whilst Lancaster Railway Station is also nearby, making the property well suited to commuters travelling across the North West.
The area continues to prove popular with first-time buyers, investors and professionals thanks to its central position and excellent transport links.
Nearby attractions include Lancaster Castle, Williamson Park and the River Lune, while regular bus services and easy access to the M6 further enhance the appeal of this highly convenient location.
Parking - On Street
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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About 28 Mill Street, Lancaster
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