4 Bed HMO, Lancaster, LA1 5RD £180,000

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

ValuationOvervalued

Sold Prices£162.5K - £800K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

77 m²
Price/m²£2.3K/m²

Value Estimate

£174,275

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£2,148

Running Costs/mo

£1,451

Cashflow/mo

£697

Cashflow/yr

£8,360

ROI

15%

Gross Yield

14%

Local Sold Prices

50 sold prices from £162.5K to £800K, average is £305K. £1.3K/m² to £4.2K/m², average is £2.3K/m².

Price
Date
Distance
Address
Beds
 
£168K09/230.12 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£225K04/250.17 mi17, Salisbury Road, Lancaster LA1 5PQ4
£390.5K09/210.24 mi18, Nairn Road, Lancaster, Lancashire LA1 5UY4
£220K11/210.27 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.27 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.27 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£280K12/240.32 mi33, Africa Drive, Lancaster LA1 5TZ4
£247K01/250.34 mi8, Milking Stile Lane, Lancaster LA1 5QB4
£695K03/230.36 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£800K08/230.36 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£382.5K04/230.38 mi65, Westbourne Road, Lancaster, Lancashire LA1 5AY4
£618K02/230.4 miBrynmawr, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£215K07/230.42 mi31, West Drive, Lancaster, Lancashire LA1 5BY4
£320K03/230.47 mi16, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£318.5K06/230.47 mi18, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£365K02/250.47 mi23, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£210K06/250.48 mi4, St Johns Mews, Lancaster LA1 1HJ4
£210K06/250.48 mi4, St Johns Mews, Lancaster LA1 1HJ4
£270K07/250.52 mi50, Blades Street, Lancaster LA1 1TS4
£336.3K11/210.52 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£346.5K10/230.52 mi19, Washington Close, Lancaster LA1 5EX4
£390K09/230.59 mi25, Roosevelt Avenue, Lancaster, Lancashire LA1 5EJ4
£170K03/250.59 mi8, Gregareth Close, Lancaster LA1 5JH4
£385K07/230.62 mi2, Coolidge Avenue, Lancaster, Lancashire LA1 5EH4
£399.9K10/220.62 mi107, Westbourne Road, Lancaster, Lancashire LA1 5JX4
£340K09/210.66 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£165K10/230.66 mi40, Owen Road, Lancaster, Lancashire LA1 2BN4
£285K08/210.71 mi7, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ4
£330K12/230.73 mi6, Astley Court, Lancaster LA1 5UE4
£314K05/250.73 mi53, Regent Street, Lancaster LA1 1SH4
£325K06/210.75 mi1, Greythwaite Court, Lancaster, Lancashire LA1 5UD4
£475K12/240.75 mi263, Willow Lane, Lancaster LA1 5UB4
£360K08/250.75 mi269, Willow Lane, Lancaster LA1 5UB4
£305K12/240.76 mi12, Aire Close, Morecambe LA3 3SA4
£257.5K05/230.8 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU4
£225K11/230.81 mi16, Hamilton Drive, Lancaster, Lancashire LA1 5HS4
£395K10/230.82 mi284, Torrisholme Road, Lancaster, Lancashire LA1 2TU4
£162.5K05/250.82 mi6, Trent Close, Morecambe LA3 3SR4
£162.5K05/250.82 mi6, Trent Close, Morecambe LA3 3SR4
£260K02/240.82 mi24, Vale Road, Lancaster, Lancashire LA1 2JL4
£221.5K01/240.83 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£391K05/250.87 mi14, Lune Drive, Morecambe LA3 3RZ4
£391K05/250.87 mi14, Lune Drive, Morecambe LA3 3RZ4
£322K11/210.87 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£305K10/220.9 mi27, Roeburn Drive, Morecambe, Lancashire LA3 3RY4
£220K02/250.91 mi100, Ullswater Road, Lancaster LA1 3PX4
£192K04/250.91 mi1, Halton Road, Lancaster LA1 2EA4
£255K11/210.96 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£216.5K09/240.96 mi22, Wenning Court, Morecambe LA3 3SH4
£310K05/250.96 mi34, Lune Drive, Morecambe LA3 3RZ4

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 £180,000

October 28, 2024

Sold for £88,000

2006

Sold for £72,000

2003

Description

  • Residential Investment +
  • Four Bedroom HMO +
  • Producing £7,980 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 four bedroom, three storey mid-terrace 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.

The property features a living room, kitchen, and dining room on the ground floor. The first floor comprises two bedrooms and a shared bathroom, while the second floor includes two additional bedrooms, each with its own en-suite bathroom.

There is a small yard at the rear, accessible from both the kitchen and the ground-floor bedroom.

The property extends to approximately 76 sq m (850 fq ft).

Tenure
The property is held Freehold under Title Number LA627702.

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?

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