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66 Market Street, Lancaster
£515,000
Bedrooms
Bathrooms
Where is Fern Bank?
Fern Bank is a small, peaceful cul-de-sac made up of well-proportioned family homes. It is a sought-after location, popular with academic and hospital professionals thanks to its close proximity to the city centre, and key employers, which are just a mile away. Excellent local schools are within easy reach, as is Booths supermarket for day-to-day shopping. St Pauls Church is just around the corner, adding to the areas sense of community.
About this home
A sought-after address with timeless appeal. This handsome double-fronted period home sits proudly on one of the areas most desirable streets. Set back behind a low wall and private hedge giving privacy, it enjoys a peaceful residential setting.
Step inside and youll discover a home that blends elegance with comfort. The ground floor is defined by high ceilings, detailed original cornicing, and stripped wooden floors that flow from the welcoming lounge across the hallway and through to the dining area. The heart of the home is the kitchen diner, fitted in a cream shaker style with solid oak worktops and a Belfast sink. A stainless steel range cooker is neatly set back into the chimney breast, creating a focal point ideal for home cooking. Just off the kitchen, a utility room and a ground-floor WC add practical touches.
On the first floor, there are two well-proportioned bedrooms, including a standout master suite with its own sitting area stretching across the front of the home. The four-piece family bathroom on this level features a classic roll-top bath, perfect for relaxing. The top floor offers three additional double bedrooms and a further family bathroom, giving flexibility for growing families or those in need of home office space.
The rear garden is beautifully landscaped and faces south, offering a peaceful and private outdoor space. A stone patio provides the perfect spot for outdoor dining, while raised beds and planted borders bring colour and structure to the space. Its a tranquil setting designed for both relaxation and enjoyment.
Extra Useful Information
This is a double fronted period home
It is double glazed throughout
It is gas central heated.
There is a good size cellar which is excellent for storage
The rear courtyard faces south
There is a useful outside tap
It is council tax band D
This is a freehold property
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
66 Market Street, Lancaster
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