40 Prospect Street, Lancaster, LA1 3BJ
MA

40 Prospect Street, Lancaster, LA1 3BJ

By Matthews Benjamin

£ 140,000

Reviews

2 out of 5 stars

Matthews Benjamin says ..

A fantastic opportunity to purchase a traditional two bedroom mid terraced house situated in the heart of Lancaster City Centre. Prospect Street is conveniently positioned for local bus routes, supermarkets and all City Centre amenities. Additionally Lancaster University is within 3 miles and ...

Property Oracle says ..

This two-bedroom terraced house in Lancaster city centre presents a mixed bag. Its central location is a strong selling point, offering easy access to amenities and public transport. The proximity to Lancaster University could also attract student renters or investors. However, the property’s condition appears to be average. The interior shows some wear and tear, and a lack of outdoor space is a considerable downside. The listing price appears reasonable, considering comparable properties in the area. However, a thorough inspection to assess the property’s structural integrity, potential repairs and detailed comparison with recent sales data of similar properties, is necessary to determine if it is truly good value. Overall, this property is likely suitable for first-time buyers, investors, or those prioritizing location over extensive outdoor space and pristine condition. It represents an opportunity within a desirable area with significant development potential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
826.02

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
216,667.00 £
Increased by 6.72 %
from 203,021.00 £
Est sale value
242,023.86 £
Increased by 19.59 %
from 202,374.90 £
Average area rental value
634.00 £/mo
Increased by 11.82 %
from 567.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.51 %
Increased by 4.78 %
from 3.35 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Matthews Benjamin created the listing.

Nearby Schools

NameTypeOfstedDistance
The Cathedral Catholic Primary School, LancasterVoluntary Aided SchoolGood0.30 KM
Bowerham Primary & Nursery SchoolCommunity SchoolGood0.39 KM
Lancaster Royal Grammar SchoolAcademy Converter0.48 KM
Firbank Children'S CentreChildren's Centre1.13 KM
Lancaster Girls' Grammar SchoolAcademy Converter1.15 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Grove £ 000.00 KM
East Road £ 000.00 KM
Meadowside £ 000.00 KM
Alma Road £ 000.00 KM
Robert Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lancaster2685LAN1.68 KM
Bare Lane2690BAR5.78 KM
Morecambe2695MCM8.93 KM
Carnforth2640CNF9.83 KM

Nearby Listings

AddressPriceTypeScoreDistance
40 Prospect Street, Lancaster, LA1 3BJ £ 140,000BUY5 / 100.00 KM
Primrose Street, Lancaster £ 170,000BUY5 / 100.06 KM
a Dale Street, Lancaster £ 140,000BUY4 / 100.07 KM
Prospect Street, Lancaster £ 210,000BUY6 / 100.07 KM
Prospect Street, Lancaster £ 195,000BUYUnknown0.07 KM

Nearby Properties

AddressPriceDistance
32 Prospect Street £ 120,0000.04 KM
44 Prospect Street £ 98,2500.04 KM
40 Prospect Street £ 120,0000.04 KM
36 Prospect Street £ 126,0000.04 KM
60 Prospect Street £ 124,9500.04 KM