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66 Market Street, Lancaster
£500,000
Bedrooms
Bathrooms
Location
Set on a peaceful, tree-lined street in the heart of Hest Bank, Prospect Drive offers space, privacy, and a highly desirable lifestyle. Families are drawn to this area for its close-knit community feel, excellent schooling options, and easy access to both Lancaster and Morecambe Bay. The seafront is just a short drive away, as are the local shops, cafs and pubs. For commuters, the nearby Bay Gateway and train links make getting around straightforward. Outdoor lovers will appreciate the open green spaces, canal-side walks and proximity to the countryside. Its a location that suits those seeking balance a quiet retreat with everything within reach.
The Overview
This detached home offers over 1900 sq. ft. of flexible space set across three well-planned levels. The main living area is on the ground floor and opens with a spacious entrance hall and cloakroom/WC. At the heart of the home is a central dining hall ideal for family meals and entertaining. Just off here, youll find the kitchen, fitted with cream shaker-style units and offering space to casually dine perfect for morning coffees or relaxed evening suppers. To the rear, a generous lounge stretches the full width of the property, complete with a brick-built fireplace and wood-burning stove a standout feature on cooler evenings. French doors open out to a balcony, providing a pleasant spot to enjoy views over the garden below.
Upstairs, there are three comfortable double bedrooms. The main bedroom benefits from built-in wardrobes and its own private en-suite shower room. The family bathroom is generously sized and finished with a four-piece suite, including a freestanding bath and a separate walk-in shower.
The lower ground floor is a particularly versatile space that is currently used as a fourth bedroom. With its own entrance to the rear garden, this level could alternatively serve as a guest suite, a teenagers retreat, or a self-contained annexe. It features a flexible living/sleeping area, a shower room, a walk-in dressing room, and a utility. Internal access leads directly into the integral double garage.
Step outside and youll find a mature, well-established garden, mostly laid to lawn and bordered by a variety of shrubs and planting.
Extra Info:
' Double glazed throughout
' Gas central heating
' Cream shaker-style kitchen with space to dine
' Integral double garage with electric up-and-over door
' Garden features lawn and mature planting
' Council Tax Band: E (Lancaster City Council)
' Freehold
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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