Summary - 74 BALMORAL ROAD LANCASTER LA1 3BU
3 bed 1 bath House
Affordable central home with income potential and renovation upside.
- Three double bedrooms across two floors
- Two reception rooms plus practical kitchen
- Current rental income £1,150 pcm (£13,800 pa)
- Small overall size and compact rear yard
- Victorian stone facade; period features intact
- Likely no wall insulation; potential energy upgrades needed
- Double glazing present but install date unknown
- Council Tax Band A; low ongoing costs
This three-bedroom mid-terrace Victorian house offers an affordable entry into Lancaster close to the city centre. Two reception rooms, a practical kitchen and three double bedrooms give flexible living space across approximately 509 sq ft. The property currently produces £1,150 pcm rental income, presenting clear buy-to-let potential or immediate income while you plan improvements.
The house has period character in the stone facade, bay window and exposed beam features, but it is presented as a practical project rather than a turnkey home. The building dates from the early 20th century and the external walls are sandstone/limestone with assumed no cavity insulation. Double glazing is fitted though install date is unknown, and the heating is mains gas with a boiler and radiators.
Outdoor space is a small enclosed rear yard with gated access — easy to maintain but limited for family gardening. There is no flood risk and council tax sits at Band A, keeping ongoing costs low. The location suits anyone wanting quick access to amenities, transport links and several well-regarded schools.
Buyers should be aware this property is described as needing work: it is a fixer-upper that will benefit from updating, possible insulation upgrades and general maintenance. For a first-time buyer or investor prepared to carry out improvements, this home offers character, a strong location and immediate rental return.
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