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langtonbrow

Lancaster

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Any view on this area for young (ish late 30's ) couple who would like to buy on the coming property lows(!)

Thinking of the characterful stone terraces close to "City Centre" and railway station. Seems like a buoyant sort of area underpinned by student lets - possibly with fewer of the social problems associated with the larger and more "diverse" settlements to the south. For someone who simply needs to be close to rail network this may fit the bill.

If we need to move again could always let out to the student market (obviously would need a total fumigation prior to re-use).

How much below the current asking prices should one consider sensible? Anyone local to point me in the right direction?

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Any view on this area for young (ish late 30's ) couple who would like to buy on the coming property lows(!)

Thinking of the characterful stone terraces close to "City Centre" and railway station. Seems like a buoyant sort of area underpinned by student lets - possibly with fewer of the social problems associated with the larger and more "diverse" settlements to the south. For someone who simply needs to be close to rail network this may fit the bill.

If we need to move again could always let out to the student market (obviously would need a total fumigation prior to re-use).

How much below the current asking prices should one consider sensible? Anyone local to point me in the right direction?

Not a lot moving here, so 20% off to start with would be sensible, imho. On our street a house (4 bed end terrace) on the market in 2007 at £240k eventually went for £160k last year, so the longer you wait, the more affordable things should get.

Regarding students lets, we have one next door and they haven't been too bad (less noisy than the seemingly deaf bloke next door). Re letting to students its worth checking whether the changes in student funding may reduce that market - there have been some bits in the press about that.

Specifically regarding the area:

- most of the terraced houses only have back yards rather than gardens - so that may or may not be an issue in case a family was being planned.

- parking can be a problem, with an influx each day from people working in town and using the railway station. The council are also slowly expanding the parking zones from the city centre which just compounds the problem for areas still with free on-street parking.

- conservation area is currently being expanded to include many of the terraced streets near the station so obtaining PP will be an issue in the future.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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