3-bedroom flat · LA1 3SY
Sold STCReduced £15k (−5.7%) on 21 JunListed 665 days
Opportunity summary
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About
Location The Residence is one of Lancaster’s most distinctive and sought-after developments.
Set within landscaped grounds on the edge of Williamson Park, this Grade II listed former hospital has been tastefully converted into high-quality apartments while retaining its historic character.
The development enjoys a semi-elevated position, giving many homes pleasant outlooks towards Lancaster, the Bay, and the Lakeland Hills beyond.
Just a short stroll brings you into the city centre, where you’ll find a range of independent shops, cafes, restaurants, and cultural attractions including Lancaster Castle and The Dukes Theatre.
For everyday needs, supermarkets such as Booths, Aldi, and Sainsbury’s are all close by.
Families will appreciate the choice of local schools, while commuters benefit from excellent transport links, with Lancaster train station and the M6 motorway within easy reach.
Williamson Park itself, right on the doorstep, offers 54 acres of woodland walks, gardens, and open space, complete with café, play areas and the iconic Ashton Memorial.
The Property Positioned at the top of the south wing, this superb duplex apartment spans three floors and offers a stylish blend of modern living with character features.
The main living space is a bright and generous open-plan area, designed for both comfort and entertaining.
At one end sits a sleek contemporary kitchen, fitted with high-gloss handleless units and integrated appliances.
Quartz worktops and a breakfast bar add a touch of luxury, while large concertina doors lead directly out to a private south-facing balcony.
On the same floor, the master bedroom benefits from bespoke fitted wardrobes and an en-suite shower room. There is also a separate guest WC and a useful storage cupboard in the hallway.
Upstairs, a further double bedroom comes with its own en-suite, making it ideal for visitors or family.
Rising again, the unique tower room provides a striking living area with 360-degree views – perfect as a TV snug, home office, or an additional guest bedroom.
Throughout, the décor is neutral and well presented, with quality fixtures and a bright, spacious feel.
The apartment also includes two allocated parking spaces and has been carefully maintained by the current owners. Leasehold Information This is a leasehold property. The ground rent is £375 per annum.
The management fee / service charge is £3,800 per annum It has 246 years remaining.
Key Information Leasehold apartment Council Tax Band: C Two allocated parking spaces Private south-facing balcony with decked seating area Two double bedrooms, each with en-suite shower room Guest WC and hallway storage cupboard Tower room with 360-degree views (ideal as TV room, snug, office, or guest space) Gas central heating with modern combi boiler Fully double glazed throughout Neutral décor and modern finish Residents benefit from secure entry system, landscaped communal grounds, and maintained car parks EPC Rating: C Location The Residence is one of Lancaster’s most distinctive and sought-after developments.
Set within landscaped grounds on the edge of Williamson Park, this Grade II listed former hospital has been tastefully converted into high-quality apartments while retaining its historic character.
The development enjoys a semi-elevated position, giving many homes pleasant outlooks towards Lancaster, the Bay, and the Lakeland Hills beyond.
Just a short stroll brings you into the city centre, where you’ll find a range of independent shops, cafes, restaurants, and cultural attractions including Lancaster Castle and The Dukes Theatre.
For everyday needs, supermarkets such as Booths, Aldi, and Sainsbury’s are all close by.
Families will appreciate the choice of local schools, while commuters benefit from excellent transport links, with Lancaster train station and the M6 motorway within easy reach.
Williamson Park itself, right on the doorstep, offers 54 acres of woodland walks, gardens, and open space, complete with café, play areas and the iconic Ashton Memorial.
Balcony Private balcony with room for table & chairs Parking - Allocated Parking
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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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