Palatine Avenue, Lancaster
MI

Palatine Avenue, Lancaster

By Mighty House

£ 265,000

Reviews

3 out of 5 stars

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 %
from 381,826.00 £
Est sale value
417,668.45 £
Increased by 2.22 %
from 408,610.58 £
Average area rental value
1,467.00 £/mo
Decreased by 6.50 %
from 1,569.00 £/mo
Est letting value
1,006.43 £/mo
Unchanged by 0.00 %
from 1,006.43 £/mo
Est rental Yield
4.20 %
Decreased by 14.81 %
from 4.93 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Mighty House created the listing.

Nearby Schools

NameTypeOfstedDistance
St Bernadette'S Catholic Primary School, LancasterVoluntary Aided SchoolOutstanding0.42 KM
Stepping Stones SchoolPupil Referral UnitOutstanding0.56 KM
Moorside Primary SchoolCommunity SchoolGood0.56 KM
Bowerham Primary & Nursery SchoolCommunity SchoolGood0.68 KM
Scotforth St Paul'S Church Of England Primary And Nursery SchoolVoluntary Aided SchoolOutstanding0.79 KM

Images

Lounge/Diner Bedroom First Floor Landing Kitchen Bathroom Outside Bedroom

Nearby Streets

NameAverage PriceAverage SqftDistance
Cambridge Avenue £ 000.00 KM
Montbegon £ 000.00 KM
Connaught Road £ 000.00 KM
Thirsk Road £ 000.00 KM
Cheltenham Road £ 310,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Lancaster2685LAN2.56 KM
Bare Lane2690BAR6.76 KM
Morecambe2695MCM9.74 KM

Nearby Listings

AddressPriceTypeScoreDistance
Palatine Avenue, Lancaster £ 265,000BUY6 / 100.00 KM
Bowerham Road, Lancaster, Lancashire, LA1 4HJ £ 215,000BUY5 / 100.08 KM
Palatine Avenue, Lancaster £ 265,000BUY7 / 100.09 KM
Palatine Avenue, Lancaster £ 265,000BUYUnknown0.10 KM
Cambridge Avenue, Lancaster, Lancashire, LA1 £ 288,000BUY7 / 100.12 KM

Nearby Properties

AddressPriceDistance
108 Bowerham Road £ 122,0000.01 KM
94 Bowerham Road £ 125,0000.01 KM
104 Bowerham Road £ 135,0000.01 KM
106 Bowerham Road £ 152,0000.01 KM
114 Bowerham Road £ 57,5000.01 KM