Affordable coastal apartment with long lease and low running costs.
Two bedrooms in Victorian seafront building
Set in a Victorian terrace just moments from the promenade, this two-bedroom apartment offers coastal living at an entry-level price. The flat benefits from high ceilings, a bay window and a modern kitchen, making it move-in ready for a first-time buyer or a buy-to-let investor. With 967 years remaining on a 999-year lease, peppercorn ground rent and a low monthly service charge, the tenure is secure and low-cost.
Internally the layout is straightforward: a spacious lounge, two bedrooms and a three-piece bathroom within approximately 536 sq ft. Recent improvements include double glazing (pre-2002) and a recently installed boiler with mains gas central heating — practical updates that reduce immediate maintenance outlay.
There are material drawbacks to note. The property sits in a very deprived area with very high local crime levels, which will affect rental demand and resale considerations. The building is of traditional sandstone/limestone construction and is assumed to have no cavity wall insulation, so heating costs and future retrofit work should be considered. The apartment is relatively small overall and will suit buyers comfortable with compact living.
Council Tax is low (Band A) and flood risk is low. The apartment is offered with no chain and close to local amenities, schools and transport links into Lancaster. A viewing is advised so you can judge the location, condition and potential yourself.
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