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1 bed property, in Chapel Lane, £80,000
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1 bed flat

Chapel Lane, Lancaster LA2
£80,000
-5.9%
LeaseholdListed Building

Price History

Initial price £85,000
Mar 24, 2026 £80,000
Price Change -5.9%

This is a fantastic investment opportunity for students, offering a studio apartment in a refurbished Grade II listed former silk mill located near Lancaster University and the M6 motorway. The property features a lift, communal lounge, games room, laundry facilities, and a gymnasium, creating a sense of community among residents. The apartment itself is situated on the first floor and includes an open-plan living area with a fitted kitchen and separate shower room. With a leasehold agreement in place, the property requires a ground rent of £350 per annum and a service charge of £915 per quarter, with 150 years remaining on the lease. Inspections are highly recommended to appreciate the property's unique features and excellent location.