1-bedroom house · FY8 5LJ
Listing removedReduced £5.5k (−4.1%) on 24 MayListed 354 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This superb one bedroomed 1st floor retirement apartment at The Homestead overlooks Queen Street to the side of the development.
Situated in a most convenient position right in the heart of Lytham town centre adjoining the tree lined shopping facilities, restaurants, bars and town centre amenities.
The Homestead has the benefit of a House Manager with a number of communal facilities including Laundry and Guest Suites. Viewing recommended. No onward chain.
Ground Floor - Communal Entrance - Security entry phone system. Spacious recently carpeted communal Hallway. Lift and stairs to all floors.
Communal Lounge - Tastefully presented Residents Lounge leading off with the House Manager's office and Kitchenette.
First Floor - Private Entrance Hallway - 2.90m x 0.94m (9'6 x 3'1) - With a wall mounted entry phone handset and emergency control panel. Corniced ceiling and wall light.
Useful walk in cloaks/store cupboard containing the hot water cylinder with pine shelving below and open shelving. Electric fuse box. Matching doors leading off.
Lounge With Dining Area - 4.47m x 3.30m (14'8 x 10'10) - Tastefully appointed Lounge with Dining Area. UPVC double glazed window with two side opening lights overlooks Queen Street.
Fitted window blinds and new fitted carpet. Television aerial point. Telephone point. Dimplex wall mounted electric night storage heater. Corniced ceiling. Two wall lights.
The focal point of the room is an electric fire standing on a raised hearth. Archway gives access to the adjoining Kitchen.
Kitchen - 2.44m x 1.78m (8' x 5'10) - Modern fitted Kitchen comprising a range of eye and low level cupboards and drawers.
Stainless steel single drainer sink unit with a centre mixer tap set in wood effect working surfaces with matching splash back. Concealed down lighting.
Built in appliances comprise: Lamona two ring elecric hob. Brushed chrome splash back and an illuminated extractor canopy above. Lamona electric oven and grill below.
Lamona integrated dishwasher with a matching cupboard front. LED freestanding fridge/freezer. Corniced ceiling and an overhead light. Emergency pull cord.
Double Bedroom - 3.56m x 2.74m (11'8 x 9'0) - Spacious double bedroom with a UPVC double glazed window and two side opening lights overlooking Queen Street. Fitted roller blind.
Fitted double wardrobe. Dimplex night storage heater. Television aerial point. Corniced ceiling. Emergency pull cord. Two wall lights. Newly fitted carpet. Telephone point.
Shower Room/Wc - 1.88m x 1.70m (6'2 x 5'7) - Modern three piece white bathroom suite comprises: Wide shower cubicle with a curved glazed screen and a Mira Advance electric shower.
Pedestal wash hand basin with a mirror fronted cabinet above. The suite is completed by a low level WC. Ceramic tiled walls. Chrome electric ladder heated towel rail.
High level Dimplex electric heater. Access to loft. Emergency pull cord.
Electric Heating - The property has electric heating from a number of night storage heaters and additional electric bathroom heater.
Double Glazing - Where previously described the windows have UPVC DOUBLE GLAZED units Communal Laundry Room - The Homestead has a communal laundry room which is available to all residents with modern washing machines and tumble dryers.
Guest Suite - There are two guest suites available to book for visitors through the House Manager.
Maintenance - A management company has been formed to administer and control outgoing expenses to common parts. A figure of £3336.54 per annum (March 2025) is currently levied.
This includes the Buildings Insurance.
Tenure/Council Tax - The site of the property is held Leasehold for the residue term of 99 years (61 years remaining) subject to an annual ground rent of £456.84. Council Tax Band B. (To be advised).
Communal Gardens & Parking - The Homestead stands in attractive communal landscaped gardens with a private communal garden to the rear with seating for residents.
A limited number of parking spaces to the rear are available for residents but is subject to availability. N.B.
- We understand pets and lettings are allowed at The Homestead, but with permission and approval by the Management Company.
(Solicitor to confirm) Location - This superb one bedroomed 1st floor retirement apartment at The Homestead overlooks Queen Street to the side of the development.
Situated in a most convenient position right in the heart of Lytham town centre adjoining the tree lined shopping facilities, restaurants, bars and town centre amenities.
The Homestead has the benefit of a House Manager with a number of communal facilities including Laundry and Guest Suites. Viewing recommended. No onward chain.
Viewing The Property - Strictly by appointment through 'John Ardern & Company'.
Internet & Email Address - All properties being sold through John Ardern & Company can be accessed and full colour brochures printed in full, with coloured photographs, on the internet: rightmove.com, onthemarket.com, Email Address: The Guild - John Ardern & Company are proud to announce that we have been appointed as the only Estate Agent practice in the South Fylde to be appointed as members of 'The Guild of Property Professionals'.
As well as a network of carefully chosen independent Estate Agents throughout the UK, we now have an associated London office, 121 Park Lane, Mayfair with our own dedicated telephone number: - .
Outside the office, there are four touch screens enabling interested clients to access all our displayed properties.
The website address is Digital Markets, Competition And Consumers Act 202 - John Ardern & Company for themselves and their clients declare that they have exercised all due diligence in the preparation of these details but can give no guarantee as to their veracity or correctness.
Any electrical or other appliances included have not been tested, neither have drains, heating, plumbing and electrical installations.
All purchasers are recommended to carry our their own investigations before contract. Details Prepared October 2025
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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FAQ
About The Homesetad, Henry Street, Lytham
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