2-bedroom house · LA1 2BZ
Sold STCListed 66 days
Opportunity summary
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About
Location Olive Road is a popular residential street in Skerton, positioned just north of Lancaster city centre.
Arranged in a horseshoe shape with very little passing traffic, it offers a quieter setting while keeping everyday amenities within easy reach.
Local shops, a doctor's surgery and regular bus services are nearby, while Lancaster city centre is within walking distance, providing a wide choice of shops, cafés, restaurants and leisure facilities.
For those who enjoy the outdoors, Ryelands Park and the River Lune are only a short distance away, with riverside paths providing pleasant walking and cycling routes towards the city and surrounding areas.
Lancaster railway station, the Bay Gateway and the M6 are also readily accessible, making the location convenient for commuters and those travelling further afield.
Property Information Behind its traditional stone frontage, this well-presented period terrace offers a comfortable and practical home arranged over two floors.
Professionally decorated and maintained to a good standard, it combines period character with a modern interior and would make an appealing first home, downsizing option or investment.
The ground floor opens directly into a generously proportioned living room, where an attractive period-style fireplace provides a natural focal point.
Wood-effect flooring and plenty of natural light help create a welcoming living space, with an open doorway leading through to the kitchen.
Positioned at the rear, the kitchen is fitted with cream Shaker-style cabinetry, contrasting wood-effect worktops and tiled splashbacks, with space provided for everyday appliances.
A rear door leads directly outside, making the courtyard easily accessible from the kitchen. Upstairs are two bedrooms.
The main bedroom is a comfortable double with a bright outlook, while the second bedroom benefits from extensive fitted wardrobes, providing particularly useful storage.
Completing the first floor is a modern bathroom with contemporary tiling, a white three-piece suite and a shower positioned over the bath.
Outside, the enclosed rear courtyard is larger than typically expected with this style of property.
Designed for low-maintenance use, there is ample room for outdoor seating and entertaining, along with gated pedestrian access.
Material Information Gas central heating Combination boiler installed approximately four years ago and serviced annually UPVC double glazing Key Features Attractive stone-built period terrace Quiet horseshoe-shaped residential street Two-bedroom accommodation Well-presented and professionally decorated Spacious living room with period-style fireplace Cream Shaker-style fitted kitchen Modern three-piece bathroom Excellent fitted storage to bedroom two Larger-than-average enclosed rear courtyard Walking distance of Lancaster city centre and riverside walks EPC Rating: D Location Olive Road is a popular residential street in Skerton, positioned just north of Lancaster city centre.
Arranged in a horseshoe shape with very little passing traffic, it offers a quieter setting while keeping everyday amenities within easy reach.
Local shops, a doctor's surgery and regular bus services are nearby, while Lancaster city centre is within walking distance, providing a wide choice of shops, cafés, restaurants and leisure facilities.
For those who enjoy the outdoors, Ryelands Park and the River Lune are only a short distance away, with riverside paths providing pleasant walking and cycling routes towards the city and surrounding areas.
Lancaster railway station, the Bay Gateway and the M6 are also readily accessible, making the location convenient for commuters and those travelling further afield.
Yard The larger-than-average south facing rear courtyard provides a generous and practical outdoor space, enclosed by painted walls for a good degree of privacy.
A paved seating area offers space for a table and chairs, ideal for relaxing or outdoor dining, while the low-maintenance finish makes the space easy to look after. Gated access leads to the rear.
Parking - On Street
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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About 25 Olive Road, Lancaster
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