1-bedroom house · LA1 1RY
Listing removedListed 263 days
Opportunity summary
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About
Location Spinners Court is part of a purpose-built retirement development, set beside the Lancaster Canal and within easy reach of the city centre.
Residents benefit from having everyday amenities close at hand, including Aldi, Tesco Express, cafés, and independent shops.
The city’s main shopping streets are just a short stroll away, offering banks, restaurants, and cultural attractions such as the Grand Theatre and The Dukes.
For those who enjoy green space, Fairfield Nature Reserve and the historic Priory grounds provide pleasant walks nearby, while Williamson Park, with its iconic Ashton Memorial, is only a short bus ride away.
Excellent transport links include regular bus services from the city centre and Lancaster railway station, making visits from family and friends simple.
The Bay Gateway also connects easily to the M6, opening access to Morecambe Bay, the Lake District, and beyond.
The Property This second-floor apartment is well presented throughout, offering bright and comfortable accommodation for those aged 55 and over.
On entering, a hallway provides access to a deep storage cupboard, ideal for household essentials and housing the water heater and consumer unit.
The lounge is generously sized and filled with natural light thanks to new uPVC double-glazed French doors that open onto a Juliet balcony overlooking the street.
Adjoining the lounge is a well-planned kitchen, fitted with modern gloss cashmere units, integrated appliances, and contrasting work surfaces.
The double bedroom is equipped with two tall fitted wardrobes, providing ample storage, while the shower room has been updated in recent years.
Fully tiled in grey to the ceiling, it includes a large walk-in enclosure, modern fittings, and practical hand rails.
Neutral décor and plush carpets run throughout, creating a home that feels both stylish and easy to maintain.
Communal facilities include landscaped gardens with seating areas, providing space to relax outdoors and meet with neighbours. Leasehold Information This is a leasehold property.
It is managed by Rendall & Rittner. The ground rent is £476.96 annually. The Annual service charge is £2780.86. It is a 125 year term which started in July 1996, there are 95 years remaining.
Key Features City centre retirement development near canal and amenities Age criteria: 55 and over Leasehold property Chain Free Second-floor position | Lift access Lounge with Juliet balcony and new uPVC double-glazed doors Kitchen with gloss cashmere units and integrated appliances Double bedroom with two tall fitted wardrobes Shower room with walk-in enclosure; full-height grey tiling Deep hall store housing water heater and consumer unit Communal garden areas with seating for residents EPC Rating: B Location Spinners Court is part of a purpose-built retirement development, set beside the Lancaster Canal and within easy reach of the city centre.
Residents benefit from having everyday amenities close at hand, including Aldi, Tesco Express, cafés, and independent shops.
The city’s main shopping streets are just a short stroll away, offering banks, restaurants, and cultural attractions such as the Grand Theatre and The Dukes.
For those who enjoy green space, Fairfield Nature Reserve and the historic Priory grounds provide pleasant walks nearby, while Williamson Park, with its iconic Ashton Memorial, is only a short bus ride away.
Excellent transport links include regular bus services from the city centre and Lancaster railway station, making visits from family and friends simple.
The Bay Gateway also connects easily to the M6, opening access to Morecambe Bay, the Lake District, and beyond.
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 57 Spinners Court, Lancaster
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