4 Bed HMO, Lancaster, LA1 3QE, £180,000

17 Greenfield Street, Lancaster, Lancashire, LA1 3QE - 3 views - 5 months ago

Auction
HMO
70 m²
+7 photos

ValuationOvervalued

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

 

 

Square Metres

70 m²
Price/m²£2.6K/m²

Value Estimate

£159,554

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Room Rate

£259

Gross Rent

£1,036

Running Costs/mo

£1,207

Cashflow/mo

£-171

Cashflow/yr

£-2,048

Gross Yield

7%

Local Sold Prices

51 sold prices from £115K to £800K, average is £310K. £885/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£160K12/200.15 mi6, Ullswater Road, Lancaster, Lancashire LA1 3PP4
£221.5K01/240.16 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£255K11/210.17 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£288K05/230.19 mi62, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£295K03/240.19 mi79, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£268K02/240.23 mi39, Windermere Road, Lancaster, Lancashire LA1 3EX4
£435K02/210.27 mi36, Derwent Road, Lancaster, Lancashire LA1 3ES4
£380K06/210.27 mi40, Derwent Road, Lancaster, Lancashire LA1 3ES4
£212K12/210.39 mi55, Clarence Street, Lancaster, Lancashire LA1 3BB4
£265K02/230.42 mi23, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG4
£322K11/210.43 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£154K10/200.48 mi4, Mardale Road, Lancaster, Lancashire LA1 3NG4
£340K09/210.51 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£695K03/230.53 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£800K08/230.53 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£336.3K11/210.53 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£330K11/210.57 mi1, Golgotha Village, Lancaster, Lancashire LA1 3DZ4
£375K05/230.59 mi66, Greaves Road, Lancaster, Lancashire LA1 4UR4
£250K12/230.66 mi20, Caldbeck Road, Lancaster, Lancashire LA1 3LU4
£425K03/210.66 mi22, Standen Park House, Lancaster, Lancashire LA1 3FF4
£425K03/210.66 mi22, Standen Park House, Lancaster, Lancashire LA1 3FF4
£410K11/200.66 mi8, Standen Park House, Lancaster, Lancashire LA1 3FF4
£387K04/210.66 mi76, Aldcliffe Road, Lancaster, Lancashire LA1 1SJ4
£430K09/200.67 mi1, The Piazza, Lancaster, Lancashire LA1 3FJ4
£350K05/230.69 mi23, The Piazza, Lancaster, Lancashire LA1 3FJ4
£287K01/210.69 mi20, The Piazza, Lancaster, Lancashire LA1 3FJ4
£220K11/210.69 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.69 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.69 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£220K11/200.72 miRose Cottage, Long Marsh Lane, Lancaster, Lancashire LA1 5QY4
£165K10/230.74 mi40, Owen Road, Lancaster, Lancashire LA1 2BN4
£198.1K08/210.75 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD4
£480K11/230.75 mi7, Gleneagles Drive, Lancaster, Lancashire LA1 3RP4
£440K10/230.75 mi9, Gleneagles Drive, Lancaster, Lancashire LA1 3RP4
£316K02/210.77 mi23, Wentworth Drive, Lancaster, Lancashire LA1 3RJ4
£400K05/230.77 mi19, Wentworth Drive, Lancaster, Lancashire LA1 3RJ4
£278K11/200.77 mi47, Westbourne Road, Lancaster, Lancashire LA1 5DX4
£382.5K04/230.81 mi65, Westbourne Road, Lancaster, Lancashire LA1 5AY4
£280K07/210.81 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4
£265K11/200.82 mi14, Cork Road, Lancaster, Lancashire LA1 4BD4
£168K09/230.82 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£340K09/210.83 mi7, Masonfield Crescent, Lancaster, Lancashire LA1 3SR4
£363K09/210.83 mi73, Masonfield Crescent, Lancaster, Lancashire LA1 3SR4
£618K02/230.84 miBrynmawr, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£615K05/210.84 miTrefan, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£390K05/210.86 mi6a, Marlton Way, Lancaster, Lancashire LA1 5BW4
£255K03/210.86 mi60, Canterbury Avenue, Lancaster, Lancashire LA1 4AU4
£202K11/230.87 mi39, Bridge Road, Lancaster, Lancashire LA1 4UL4
£285K08/210.92 mi7, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ4
£310K11/200.93 mi29, Colchester Avenue, Lancaster, Lancashire LA1 4AX4
£115K01/210.93 mi9, Hazel Grove, Lancaster, Lancashire LA1 5RY4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £180,000

October 28, 2024

Sold for £117,000

2007

Description

  • Residential Investment +
  • Four Bedroom HMO +
  • Producing £12,420 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 15/01/2025 13:00

Location
Lancaster, located in the north of England, is the county town of Lancashire. It lies approximately 19 miles northeast of Blackpool and 20 miles north of Preston. According to the 2011 Census, Lancaster's city center has an estimated population of 52,234, with the wider area, including the City of Lancaster, reaching around 138,375. The city is a popular destination for students, home to both Lancaster University and a campus of the University of Cumbria.

Greenfield Street is located to the north of Bowerham, a sought-after area for students, close to Lancaster City Centre and the University of Cumbria's Lancaster campus. The area is primarily made up of terraced housing, with some industrial units nearby, and is close to The Lancaster Hospital to the southwest and the University of Cumbria to the southeast. Situated on the edge of one of Lancaster's most popular student areas, Greenfield Street is ideal for students transitioning from university accommodation to private rentals within the city. Regular bus services provide convenient access to Lancaster University, including stops at the University Underpass.

Description
The property is a mid-terrace four bedroom, two storey stone built house beneath 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/diner and one bedroom with ensuite. The first floor contains three bedrooms, two with an en-suite, as well as a shared bathroom. The rear yard is accessible from the kitchen and the ground-floor bedroom. The property has a small yard area to the rear which can be accessed off the
kitchen and the ground floor bedroom.

The total area of the property is approximately 70 sq m (720 sq ft).

Tenure
The property is held Freehold under Title Number LAN51509.

Planning Authority
Lancaster City Council -

D:64

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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