2-bedroom bungalow · LA1 2LE
Under offerListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Plumlife Move bring to the market this well presented two bedroom semi detached bungalow, situated on the popular Mabel Gardens development.
Being sold as a 28% share, the accommodation is set on the ground floor comprising of an entrance hall, lounge and dining kitchen; there are two double bedrooms and a family bathroom.
Externally there is a driveway providing off road parking, whilst to the rear there is an enclosed garden. Rent, service/management charge and insurance £423.62 PCM. Lease 987 years remaining.
Viewing is highly advised to appreciate what this property can offer. What is Shared Ownership? Shared Ownership lets you buy a share of your home and pay a rent on the rest.
It's designed to make the property ladder more affordable without needing a huge deposit or a large mortgage.
Once you've bought your share, you're a homeowner and that means you can decorate, personalise and properly settle in, it's your space, no-one else's.
You're not dealing with short rental agreements, unexpected rent hikes or the worry of being asked to move out.
It gives you the stability and freedom that renting often can't offer and because you're only buying a portion of the home to start with, it's a fantastic step into home ownership.
If your circumstances change in the future, you also have the option to buy more of your home over time. There's no pressure to do so, just the flexibility to increase your share when it suits you.
Keen to learn more about Shared Ownership & Plumlife Homes, check out our Guide to Shared Ownership in the documents section of this listing or contact us directly.
Ground Floor Entrance Hall Bedroom 1 - 9'3'' x 13'4'' Bedroom 2 - 7'2'' x 11'4'' Bathroom - 6'2'' x 9'1'' Kitchen - 11'1'' x 14'5'' Lounge - 11'2'' x 9'3''
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About Craven Court, Lancaster, LA1 2LE
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