Mighty House says ..
Superb opportunity to purchase an income-producing investment property which has been very well maintained and is set in the popular area of Bowerham and close to the heart of Lancaster city centre. This property has the possibility of being sold as part of a portfolio with three ot...
Property Oracle says ..
This property is a 4-bedroom semi-detached house located in Lancaster, Palatine Avenue. The property benefits from being close to several highly-rated schools including St Bernadette’s Catholic Primary School and Scotforth St Paul’s Church of England Primary and Nursery School, both with outstanding Ofsted ratings. Transport links are also convenient, with Lancaster train station approximately 2.56km away. The property itself is in need of some modernisation and updating. While the kitchen and bathrooms appear functional, the decor and overall condition suggest a need for renovation to enhance its appeal and value. The property includes a small, manageable garden, which is a positive feature. However, the plot size is relatively small. Considering the average house price in the area is significantly higher than the list price of £265,000, and the average price per sqft is £358, this property presents a potentially good value opportunity, especially considering its location and proximity to excellent schools. However, potential buyers should factor in the cost of renovations.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 8
- Land
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 1,006.43
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 419,000.00 £Increased by 9.74 %
- Est sale value
- 417,668.45 £Increased by 2.22 %
- Average area rental value
- 1,467.00 £/moDecreased by 6.50 %
- Est letting value
- 1,006.43 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.20 %Decreased by 14.81 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Mighty House created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Bernadette'S Catholic Primary School, Lancaster | Voluntary Aided School | Outstanding | 0.42 KM |
| Stepping Stones School | Pupil Referral Unit | Outstanding | 0.56 KM |
| Moorside Primary School | Community School | Good | 0.56 KM |
| Bowerham Primary & Nursery School | Community School | Good | 0.68 KM |
| Scotforth St Paul'S Church Of England Primary And Nursery School | Voluntary Aided School | Outstanding | 0.79 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Cambridge Avenue | £ 0 | 0 | 0.00 KM |
| Montbegon | £ 0 | 0 | 0.00 KM |
| Connaught Road | £ 0 | 0 | 0.00 KM |
| Thirsk Road | £ 0 | 0 | 0.00 KM |
| Cheltenham Road | £ 310,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lancaster | 2685 | LAN | 2.56 KM |
| Bare Lane | 2690 | BAR | 6.76 KM |
| Morecambe | 2695 | MCM | 9.74 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Palatine Avenue, Lancaster | £ 265,000 | BUY | 6 / 10 | 0.00 KM |
| Bowerham Road, Lancaster, Lancashire, LA1 4HJ | £ 215,000 | BUY | 5 / 10 | 0.08 KM |
| Palatine Avenue, Lancaster | £ 265,000 | BUY | 7 / 10 | 0.09 KM |
| Palatine Avenue, Lancaster | £ 265,000 | BUY | Unknown | 0.10 KM |
| Cambridge Avenue, Lancaster, Lancashire, LA1 | £ 288,000 | BUY | 7 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 108 Bowerham Road | £ 122,000 | 0.01 KM |
| 94 Bowerham Road | £ 125,000 | 0.01 KM |
| 104 Bowerham Road | £ 135,000 | 0.01 KM |
| 106 Bowerham Road | £ 152,000 | 0.01 KM |
| 114 Bowerham Road | £ 57,500 | 0.01 KM |