4 Bed HMO, Lancaster, LA1 2DT, £165,000

5 Aldrens Lane, Lancaster, Lancashire, LA1 2DT - 57 views - 3 years ago

HMO
ROI: 21%
113 m²
+6 photos

ValuationUndervalued

Sold Prices£115K - £800K
Sold Prices/m²£885/m² - £4.2K/m²

 

 

Square Metres

113 m²
Price/m²£1.5K/m²

Value Estimate

£206,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£2,252

Running Costs/mo

£1,423

Cashflow/mo

£829

Cashflow/yr

£9,952

ROI

21%

Gross Yield

16%

Local Sold Prices

31 sold prices from £115K to £800K, average is £255K. £885/m² to £4.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£257.5K05/230.15 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU4
£165K10/230.16 mi40, Owen Road, Lancaster, Lancashire LA1 2BN4
£285K08/210.19 mi7, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ4
£230K09/230.23 mi26, Tan Hill Drive, Lancaster, Lancashire LA1 2JB4
£186K05/210.3 mi65, Vale Road, Lancaster, Lancashire LA1 2JN4
£260K02/240.3 mi24, Vale Road, Lancaster, Lancashire LA1 2JL4
£265K08/230.42 mi1, Wilton Close, Lancaster, Lancashire LA1 2TL4
£154K10/200.43 mi4, Mardale Road, Lancaster, Lancashire LA1 3NG4
£132.5K10/200.46 mi23, Longlands Road, Lancaster, Lancashire LA1 2NU4
£220K11/210.57 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.57 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.57 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£265K06/210.58 mi11, Coronation Way, Lancaster, Lancashire LA1 2TQ4
£185K12/200.64 mi2, Birkdale Close, Lancaster, Lancashire LA1 2SG4
£221.5K01/240.68 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£250K12/230.7 mi20, Caldbeck Road, Lancaster, Lancashire LA1 3LU4
£265K02/230.7 mi23, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG4
£160K12/200.74 mi6, Ullswater Road, Lancaster, Lancashire LA1 3PP4
£495K06/210.75 miBrooklands, Carus Park, Slyne, Lancaster, Lancashire LA2 6BN4
£220K11/200.78 miRose Cottage, Long Marsh Lane, Lancaster, Lancashire LA1 5QY4
£268K02/240.81 mi39, Windermere Road, Lancaster, Lancashire LA1 3EX4
£215K07/230.82 mi31, West Drive, Lancaster, Lancashire LA1 5BY4
£695K03/230.83 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£800K08/230.84 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£295K03/240.87 mi79, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£288K05/230.87 mi62, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£380K06/210.89 mi40, Derwent Road, Lancaster, Lancashire LA1 3ES4
£435K02/210.89 mi36, Derwent Road, Lancaster, Lancashire LA1 3ES4
£168K09/230.91 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£115K01/210.97 mi9, Hazel Grove, Lancaster, Lancashire LA1 5RY4
£255K11/211 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £165,000

August 22, 2022

Sold for £125,000

2014

Sold for £135,000

2011

Sold for £120,000

2008

Sold for £82,000

2004

Sold for £25,000

1999

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Excellent Investment Opportunity with HMO Licence +
  • Four Bedroom End Terrace Home 2 Reception Rooms & 2 Bathrooms +
  • Excellent Location Close to City Centre & Local Amenities +
  • Sold Tenant In Situ with Approx. 6.7% Yield +

Farrell Heyworth Lancaster are delighted to present this superb investment opportunity to all landlords looking to start or expand their property portfolios...

This substantial four bedroom end terrace family home is well situated only a short distance from Lancaster city centre making this an excellent investment opportunity with H M O Licence.

The property is set over three floors and comprises of:

Ground floor - Entrance hall, two generously sized reception rooms, galley kitchen and three piece shower room to the rear.

First floor - Two double bedrooms and a four piece family bathroom with bath, shower, hand wash basin and toilet.

Second Floor - Two further bedrooms (One double and one single)

Externally you will find a small paved garden area to the front and an elevated, low maintenance yard to the rear - ideal for outdoor time with family and friends or a spot of al-fresco dining.

Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Lancaster & North Lancashire

01524 938556

Next Steps?

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