Summary - THE OLD BUS DEPOT FLAT 308 KINGSWAY LANCASTER LA1 1BB
2 bed 2 bath Apartment
City-centre location with parking, ideal for first-time buyers or investors.
Third-floor open-plan living with private balcony
A bright, modern two-bedroom third-floor apartment offering open-plan living, a private balcony and an allocated underground parking space. The master bedroom includes an en-suite shower, and the main living area flows from a fitted kitchen to the balcony — well suited to city-centre living for first-time buyers or buy-to-let investors.
Practical features include UPVC double glazing and electric thermostatic radiators. The building was constructed in the early 1990s and presents contemporary finishes throughout; the property is sold chain-free for a straightforward purchase. Its location is a short walk from Lancaster city centre with good public transport links and nearby shops and amenities.
Buyers should note this is a leasehold flat: current ground rent approximately £297.33 per year and service charge around £2,161.40 annually (£540.35 quarterly). Heating is electric room radiators rather than gas, which can affect running costs. The area records a very high crime level and medium flood risk, which may influence insurance and rental demand.
This apartment offers immediate rental potential or a manageable first purchase for someone prioritising location, low-maintenance living and private parking. For purchasers seeking lower running costs or a quieter location, consider the electric heating specification, local crime statistics and flood risk before proceeding.
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