Summary - THE MILLRACE 2 DAMSIDE STREET LANCASTER LA1 1BL
2 bed 2 bath Apartment
Well-presented two-bedroom with garage and riverside access, ideal for investors.
Ground-floor two-bedroom, two-bath apartment, about 807 sq ft
Open-plan reception and integrated kitchen, move-in ready
Allocated underground garage parking space included
Very long lease: 977 years remaining
Service charge £2,248.96 per annum; ground rent £170
Electric room heaters and electric hot water (higher running costs)
Area records very high crime and is in a deprived ward
Average broadband speeds; excellent mobile signal
This modern ground-floor apartment sits on Lancaster’s quayside and offers a practical, move-in ready layout across approximately 807 sq ft. An open-plan reception with integrated kitchen, two double bedrooms (one with ensuite) and a useful utility cupboard make it a low-fuss home for professionals or a turn-key buy-to-let.
The property benefits from a very long lease (977 years) and an allocated secure underground garage space, easing long-term ownership and tenant appeal. Riverside walks, nearby supermarkets and strong public transport links add to its everyday convenience and rental marketability.
Buyers should note material facts plainly: the property relies on electric room heaters and an electric hot water tank, which can mean higher running costs than gas-heated homes. The service charge is £2,248.96 per year and there is a £170 ground rent. The immediate area scores high for crime and is in a deprived ward, which could affect resale pricing and tenant demand in parts.
Overall, this apartment suits purchasers seeking a low-maintenance city-base or investors looking for a central, well-presented two-bedroom with secure parking and long-lease security. Its riverside location and ready-to-rent condition are clear strengths, balanced by local area challenges and electric heating running costs.
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