The asking price of £180,000 is fairly reasonable for the location in comparison to other properties in the area. While requiring significant renovation, the central location and potential for development justify the price. The average price for King Street, however is also £180,000 with no price per sqft available, giving no basis for accurate comparison. The condition of the property would necessitate substantial renovation costs, which must be factored into the overall cost.

The property is in considerable need of refurbishment and modernisation. The provided photographs reveal significant wear and tear, requiring substantial investment to bring the property to a habitable standard. The interior displays damaged walls, outdated fixtures, and requires significant cleaning and repair. The presence of exposed brickwork and old fittings suggests a lack of recent updates. The external appearance also reveals wear and tear, particularly on the paint and plasterwork.

The property is located in Lancaster city centre on King Street, which benefits from excellent proximity to shops, restaurants, and transport links. Lancaster is a desirable location with a rich history and strong amenities, making it attractive to both residents and tourists. The presence of several highly-rated schools nearby further enhances the location’s desirability, particularly for families. The train station’s proximity ensures easy access to major cities in the region.

The property has a very small yard/garden space as shown in the photos, which is not a significant feature. While the plot size is listed as 0.00 sqft, this may reflect a lack of precise measurement, and a small area is present, offering minimal outdoor space.