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66 Market Street, Lancaster
£495,000
Bedrooms
Bathrooms
Location
Tucked away on the leafy edge of Lancaster city centre, Meadowside is a desirable residential street lined with elegant period homes. Positioned just a short walk from the private Lancaster Hospital and within easy reach of the city centre, the location is both peaceful and highly convenient. Residents benefit from permit parking and a strong sense of community. Local shops, cafs, and well-regarded schools are close by, along with excellent transport links, making this an ideal setting for families and professionals alike.
Property Details
This striking four-storey Victorian townhouse offers an impressive blend of period character and modern comfort, having undergone a full renovation approximately 15 years ago. From the moment you step through the wrought iron gate and into the landscaped front garden, its clear that this home has been cared for and thoughtfully updated.
Inside, the entrance hall sets the tone with its original mosaic tiled floor, tall ceilings, and decorative stained-glass features. The front living room is well-proportioned, with a wide bay window, ornate cornicing, and a log burning stove creating a warm and elegant space. The second reception room currently used as a sitting room and office offers a quieter setting to relax or work, complete with built-in storage and another character fireplace.
To the rear, the kitchen diner is both practical and stylish. With solid wood units, granite worktops, a breakfast bar and a Rangemaster cooker, its a space designed for everyday living and entertaining alike. French doors open directly to the garden, extending the living space outdoors. Beneath the main accommodation, the cellar has been converted into a useful utility and storage space, with fitted units and its own external access ideal for bikes, a workshop or gardening equipment.
Upstairs, four generous double bedrooms are arranged across the first and second floors. The principal bedroom spans the full width of the property and retains its original fireplace and bay window, offering space for a seating area as well as a super king-sized bed. The family bathroom is beautifully appointed, featuring a freestanding roll-top bath, walk-in shower, and timeless fittings. The fourth double bedroom sits on the top floor, complete with en-suite shower room and skylights.
Outside, the rear garden has been landscaped for ease and enjoyment. A stone patio offers space for seating and dining, while raised borders, mature planting, and a lawned area provide colour and privacy throughout the seasons.
Key Features
Victorian townhouse over four storeys
Fully renovated approx. 15 years ago
Four double bedrooms
Spacious kitchen diner with Rangemaster cooker
Two elegant reception rooms
Landscaped rear garden with patio and lawn
Cellar with utility/workshop space and external access
Original features: stained glass, fireplaces, mosaic flooring
Gas central heating with combi boiler (located on landing, serviced annually)
Double-glazed sash-style windows (installed approx. 4 years ago)
Permit parking in operation
Tenure: 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.
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