Summary - 43, Fife Street, LANCASTER LA1 5TT
3 bed 1 bath Semi-Detached
Affordable shared ownership opportunity close to transport and schools.
Three bedrooms and one family bathroom, compact 796 sq ft
A modern three-bedroom semi in a quiet pocket of Lancaster, offered as a 45% shared ownership. Built in 2017, this compact home (c. 796 sq ft) brings contemporary living with off-street parking, front and rear gardens and a bright living/dining room with French doors to the rear.
The ground floor has a fitted kitchen, cloakroom and useful under-stair storage. Upstairs are three bedrooms, a family bathroom and additional built-in storage. Gas central heating with boiler and radiators provides reliable warmth; broadband and mobile signal are both strong in this area.
Practical buyers will value the long lease (118 years remaining) and the convenience of nearby shops, schools and transport links including the West Coast mainline. The property suits first-time buyers seeking an affordable entry into Lancaster’s market via shared ownership, or small-scale investors looking for a manageable rental layout.
Important drawbacks are clear and factual: the home is sold as a 45% share under leasehold/shared ownership, with an average annual service charge of £3,717.72 (reported as £309.81/month). The NHBC warranty is approaching its final years, so buyers should check remaining cover. Overall living space is modest, so families needing large reception rooms or expansive gardens should note the compact footprint.
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