2-bedroom flat · LA1 3SY
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of The Residence, the beautifully converted former Lancaster Moor Hospital, this impressive first-floor duplex apartment offers spacious and stylish accommodation in one of Lancaster's most sought-after residential settings.
Combining character, quality and convenience, this is a home whose generous proportions and unique layout can only be fully appreciated by internal viewing.
Presented to a high standard throughout, the ready-to-move-into accommodation briefly comprises a welcoming entrance hallway with cloakroom, leading to a stunning open-plan living space incorporating a generous lounge, dining area and contemporary fitted kitchen.
Bi-folding doors open into a delightful sun room, creating the perfect space to relax and enjoy the outlook.
To the upper floor, there are two well-proportioned double bedrooms, with the principal bedroom benefiting from an extensive range of fitted wardrobes and a modern en-suite shower room.
A stylish three-piece family bathroom serves the remaining accommodation.
The Residence enjoys a peaceful and established setting surrounded by attractive communal grounds, whilst remaining conveniently placed for access to local amenities and Lancaster city centre.
Directly opposite is the renowned Williamson Park, offering acres of woodland walks, open parkland, the famous Butterfly House and the iconic Ashton Memorial.
Lancaster city centre is within easy reach and provides an excellent selection of shops, cafés, restaurants and leisure facilities.
A rare opportunity to acquire a spacious and distinctive apartment within this landmark development. Early viewing is highly recommended and will not disappoint.
Leasehold information: Ground Rent Payable: Yes Annual Ground Rent: £374.16 Service Charge: £297.81 a month. ( annual £3573.82) Length of the Lease: 291 years remaining.
Start Date of the Lease: 01/01/2014 Council Tax Information: Band B Agent Note In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations.
Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Residence, Kershaw Drive, Lancaster
Explore nearby