5 Bed HMO, Lancaster, LA1 5RD £225,000

4 Briery Street, Lancaster, Lancashire, LA1 5RD - a year ago
Auction
HMO
Inside Article 4
ROI: 15%
86 m²
Property image

ValuationUndervalued

Sold Prices£147.5K - £1.0M
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

86 m²
Price/m²£2.6K/m²

Value Estimate

£245,621
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£2,685

Running Costs/mo

£1,809

Cashflow/mo

£876

Cashflow/yr

£10,510

ROI

15%

Gross Yield

14%

Local Sold Prices

35 sold prices from £147.5K to £1.0M, average is £400K. £1.5K/m² to £4.3K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£310K01/250.12 mi18, Abram Close, Lancaster LA1 5WB5
£250K05/210.39 mi77, Ashfield Avenue, Lancaster, Lancashire LA1 5DZ5
£680K01/230.43 miWoodmuir, Westbourne Road, Lancaster, Lancashire LA1 5EF5
£895K10/240.5 miPeveril, Westbourne Road, Lancaster LA1 5EF5
£375K01/230.63 mi21, Winster Park, Lancaster, Lancashire LA1 5TH5
£370K12/230.64 mi7, Pierce Close, Lancaster LA1 5EQ5
£475K11/240.71 mi6, Calder Way, Morecambe LA3 3RX5
£280K12/240.74 mi18, Barley Cop Lane, Lancaster LA1 2NB5
£420K02/250.79 mi1, Lune Drive, Morecambe LA3 3RZ5
£420K02/250.79 mi1, Lune Drive, Morecambe LA3 3RZ5
£260K04/240.99 mi21, Dale Street, Lancaster, Lancashire LA1 3AP5
£175K02/251.05 mi16, Central Avenue, Lancaster, Lancashire LA1 2HW5
£640K03/231.06 mi2, Marlton Way, Lancaster, Lancashire LA1 5BW5
£800K06/211.12 miAldercliffe, Haverbreaks Road, Lancaster, Lancashire LA1 5BJ5
£1.0M09/231.13 miMatingold, Stanmore Drive, Lancaster, Lancashire LA1 5BL5
£335K09/221.15 mi44, Hadrian Road, Morecambe, Lancashire LA3 3BX5
£1.0M10/221.17 miCoach House, Oaklands Court, Aldcliffe, Lancaster, Lancashire LA1 5AX5
£328K12/241.19 mi8, Hyde Road, Morecambe LA4 6NU5
£485K10/211.24 miPeel Grange, Green Lane, Lancaster, Lancashire LA1 2ES5
£290K08/251.29 mi54, Bowerham Road, Lancaster LA1 4BN5
£425K12/221.31 mi2, Buseph Drive, Morecambe, Lancashire LA4 6PQ5
£365K11/231.36 mi1, Anderson Close, Lancaster, Lancashire LA1 3JE5
£400K03/251.43 mi21, Coronation Way, Lancaster LA1 2TQ5
£400K03/251.43 mi21, Coronation Way, Lancaster LA1 2TQ5
£440K06/211.52 mi44, Scotforth Road, Lancaster, Lancashire LA1 4SB5
£305K11/231.61 mi30, Cork Road, Lancaster LA1 4AY5
£500K12/221.68 mi67, Masonfield Crescent, Lancaster, Lancashire LA1 3SR5
£485K01/251.71 mi75, White Lund Road, Morecambe LA3 3DX5
£750K06/211.74 mi65, Broadway, Morecambe, Lancashire LA4 5XX5
£587.5K06/231.81 mi23, Yealand Drive, Lancaster, Lancashire LA1 4EW5
£405K07/251.82 mi1, Burlington Avenue, Morecambe LA4 5XL5
£375K03/231.86 mi28, Queens Drive, Morecambe, Lancashire LA4 6LN5
£250K08/211.96 mi30, Cathedral Drive, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RE5
£147.5K06/231.96 mi191, Lancaster Road, Morecambe, Lancashire LA4 5QR5
£220K03/251.99 mi23a, South Grove, Morecambe LA4 5RL5

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.94 miles away

Nearest school

0.50 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £225,000

October 28, 2024

Sold for £123,000

2007

Sold for £60,000

2003

Description

  • Residential Investment +
  • Five Bedroom HMO +
  • Producing £7,440 Per Annum Gross (as at September 2024) +

CAN BE SOLD INDIVIDUALLY OR AS PART OF A PORTFOLIO
*LANCASTER PORTFOLIO*

For Sale by Public Online Auction on 03/09/2025 13:00

Location
Lancaster is a city in northern England and serves as the county town of Lancashire. It is located approximately 19 miles northeast of Blackpool and around 20 miles north of Preston. According to the 2011 Census, the city center has an estimated population of 52,234, while the wider City of Lancaster area has a population of about 138,375. Lancaster is a popular destination for students, being home to Lancaster University and a campus of the University of Cumbria.

Briery Street is situated near Lancaster Railway Station and the city center, in an area locally known as 'Fairfield.' This is a quieter neighborhood that remains relatively popular with students, particularly mature students and young professionals. The surrounding area consists mainly of terraced and semi-detached houses, with Lancaster City Football Club located just to the east. There are regular bus services running south to the Lancaster University campus, including stops at the University Underpass.

Description
The property is a mid-terrace five bedroom, three storey house built with solid brick and topped with a pitched slate roof. At the rear, there is a small, paved yard enclosed by brick walls, providing a private outdoor space.

Internally the ground floor consists of a living room, kitchen, and one bedroom. The first floor contains two bedrooms, one with an en-suite, as well as a shared bathroom. The second floor features two additional bedrooms, both with en-suite bathrooms. The rear yard is accessible from the kitchen and the ground-floor bedroom.

The total area of the property is approximately 65 sq m (700 sq ft).

Tenure
The property is held Freehold under Title Number LA642371.

Planning Authority
Lancaster City Council -

D:63

Refer to the legal documentation

Note
We have not inspected internally and the measurements and photographs have been provided to us by third party sources.

For further information please go to

Agent Details

Lambert Smith Hampton, Auctions

020 3834 8766

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪