Summary - 24 BALMORAL ROAD LANCASTER LA1 3BU
3 bed 1 bath Terraced
Central Lancaster home with strong rental potential and recent new roof.
Three double bedrooms with bay-fronted living room and two receptions
A three-bedroom Victorian mid-terrace on Balmoral Road, ideal for first-time buyers or buy-to-let investors seeking strong location and value. The property is spacious throughout with two reception rooms, a cellar and a rear yard; a new roof was fitted in 2025, reducing immediate major-expenditure risk. Its walking distance to Lancaster city centre, the university and highly regarded grammar schools makes it attractive for sharers or families and supports excellent rental demand.
The house requires modernisation throughout — cosmetic and system updates are needed — but the generous room sizes, bay-fronted living room and period character give clear scope to add value. Currently tenanted until December 2025, it produces immediate income but will not be vacant for refurbishment until the tenancy ends. The property is freehold and has fast broadband and low local crime, with very cheap council tax.
Important sale details: this property is offered by auction under the Modern Method of Auction. Buyers should note a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600) is payable on exchange, a Buyer Information Pack costs £349, and completion is required within a 56-day Reservation Period. Prospective purchasers with mortgage plans should obtain lender advice before bidding.
Practical points to consider: glazing was installed before 2002 and external walls are uninsulated (as built sandstone/limestone), so further thermal improvements may be required. The plot is small and there is a single bathroom. Viewing is recommended to assess renovation scope and rental potential in this central Lancaster location.
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