Summary - 20 RIVER STREET LANCASTER LA1 1AD
1 bed 1 bath Flat
Chain-free one-bedroom flat by Lancaster quayside — ideal for first-time buyers or investors..
Chain-free ground-floor one-bedroom flat, approx. 485 sq ft
This chain-free, ground-floor one-bedroom flat sits close to Lancaster’s quayside and offers clear scope for refurbishment or conversion into a modern studio apartment. At approximately 485 sq ft, the layout includes an open lounge/kitchen with bedroom opening into the main room — straightforward and low-maintenance for a first purchase or rental unit.
Key selling points are the long lease (999 years), very low flood risk and convenient city-centre location with excellent mobile signal and local amenities. The property relies on electric room heaters and double glazing (install date unknown), so heating costs and energy efficiency should be considered when planning improvements.
The building dates from the early 2000s and appears generally modern, but the flat is marketed for refurbishment and may need updating to maximise rental income or long-term comfort. Broadband speeds are reported slow locally, and the area has a higher-than-average crime rate — factors worth weighing for owner-occupiers or tenant targeting.
Service charge details are not provided; prospective buyers should confirm any communal costs before exchange. Overall this is a budget-friendly, low-risk leasehold purchase suited to first-time buyers wanting a manageable project or investors seeking a simple city-centre let with potential upside after renovation.
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