1-bedroom flat · LA1 1BX
Sold STCListed 490 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location Welcome to Diana Court - city living with convenience, Located in the heart of Lancaster’s historic city centre, Diana Court is ideally positioned for those seeking easy access to everything the city has to offer.
Just moments from local shops, restaurants, bars and key transport links including the main bus station and Lancaster train station, this is a spot well-suited for professionals, students, or anyone wanting a low-maintenance home within walking distance of amenities.
Williamson Park and the canal towpath are also nearby, offering scenic spots to unwind close to home.
Property Details Set on the ground floor of a well-maintained development, this one-bedroom apartment offers a practical layout with tasteful updates.
A hallway leads to the open plan living area, which is arranged to include lounge seating, a dining space, and a modern kitchen.
The room is bright and inviting, with neutral walls, wood-effect flooring, and a large central window fitted with blinds.
There's ample space for a sofa, TV unit and even a small desk or reading chair.
The kitchen has been refreshed with vinyl-wrapped worktops, sage green painted units, and a new stainless steel sink with modern tap.
Open shelving, neutral tiling and integrated cooking appliances add both style and function.
There’s space for a freestanding fridge freezer and other essentials, with flooring that continues seamlessly throughout.
The double bedroom feels calm and comfortable, with wood-effect flooring, neutral tones and room for wardrobes and drawers. One window allowing plenty of light while maintaining privacy.
The bathroom is fully tiled with a white suite, new sink, overhead shower, and heated towel rail. The flat also includes a storage cupboard, gas heating, full double glazing and secure entry.
Ideal for first-time buyers and investors. Leasehold Information This is a leasehold property. It is managed by Scanlans Property management. The ground rent is £70.00 annually.
The service charge is £353.69 quarterly. There are 227 years remaining on the leasehold.
Key Features One-bedroom ground-floor apartment Open plan kitchen and living space New flooring in the hallway and living area Updated kitchen: painted cabinets and vinyl-wrapped worktops Council Tax Band: A Fully double glazed Gas boiler central heating Leasehold On-street permit parking (subject to application with Lancaster City Council) Sold under the Council affordable housing scheme EPC Rating: C Parking - Permit On-street permit parking (subject to application with Lancaster City Council)
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.
Area
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FAQ
About Henry Street | A practical layout with tasteful updates!
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