4 Bed HMO, Lancaster, LA1 1QU £180,000

33 De Vitre Street, Lancaster, Lancashire, LA1 1QU - a year ago
Auction
HMO
Inside Article 4
70 m²
Property image

ValuationOvervalued

Sold Prices£165K - £800K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

70 m²
Price/m²£2.6K/m²

Value Estimate

£161,635

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

£260

Gross Rent

£1,040

Running Costs/mo

£1,208

Cashflow/mo

£-168

Cashflow/yr

£-2,011

Gross Yield

7%

Local Sold Prices

50 sold prices from £165K to £800K, average is £292.5K. £1.3K/m² to £4.2K/m², average is £2.3K/m².

Price
Date
Distance
Address
Beds
 
£221.5K01/240.06 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£220K02/250.2 mi100, Ullswater Road, Lancaster LA1 3PX4
£268K02/240.25 mi39, Windermere Road, Lancaster, Lancashire LA1 3EX4
£295K03/240.28 mi79, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£288K05/230.28 mi62, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£210K06/250.3 mi4, St Johns Mews, Lancaster LA1 1HJ4
£210K06/250.3 mi4, St Johns Mews, Lancaster LA1 1HJ4
£380K06/210.33 mi40, Derwent Road, Lancaster, Lancashire LA1 3ES4
£265K02/230.35 mi23, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG4
£255K11/210.36 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£695K03/230.51 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£800K08/230.52 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£250K12/230.56 mi20, Caldbeck Road, Lancaster, Lancashire LA1 3LU4
£165K10/230.56 mi40, Owen Road, Lancaster, Lancashire LA1 2BN4
£360K11/240.57 mi32, Dennison Close, Lancaster LA1 3SX4
£220K11/210.58 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.58 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.58 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£212K12/210.58 mi55, Clarence Street, Lancaster, Lancashire LA1 3BB4
£322K11/210.59 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£336.3K11/210.59 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£340K09/210.61 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£270K07/250.63 mi50, Blades Street, Lancaster LA1 1TS4
£192K04/250.68 mi1, Halton Road, Lancaster LA1 2EA4
£314K05/250.72 mi53, Regent Street, Lancaster LA1 1SH4
£285K08/210.73 mi7, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ4
£330K11/210.75 mi1, Golgotha Village, Lancaster, Lancashire LA1 3DZ4
£257.5K05/230.75 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU4
£375K05/230.76 mi66, Greaves Road, Lancaster, Lancashire LA1 4UR4
£505K03/250.78 mi6, Standen Park House, Lancaster LA1 3FF4
£505K03/250.78 mi6, Standen Park House, Lancaster LA1 3FF4
£168K09/230.78 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£350K05/230.79 mi23, The Piazza, Lancaster, Lancashire LA1 3FJ4
£345.5K03/250.79 mi26, The Piazza, Lancaster, Lancashire LA1 3FJ4
£225K04/250.79 mi17, Salisbury Road, Lancaster LA1 5PQ4
£382.5K04/230.83 mi65, Westbourne Road, Lancaster, Lancashire LA1 5AY4
£225K01/250.84 mi11, Havelock Street, Lancaster LA1 4AD4
£480K11/230.86 mi7, Gleneagles Drive, Lancaster, Lancashire LA1 3RP4
£440K10/230.86 mi9, Gleneagles Drive, Lancaster, Lancashire LA1 3RP4
£618K02/230.86 miBrynmawr, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£400K05/230.86 mi19, Wentworth Drive, Lancaster, Lancashire LA1 3RJ4
£230K09/230.87 mi26, Tan Hill Drive, Lancaster, Lancashire LA1 2JB4
£615K05/210.87 miTrefan, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£186K05/210.88 mi65, Vale Road, Lancaster, Lancashire LA1 2JN4
£260K02/240.89 mi24, Vale Road, Lancaster, Lancashire LA1 2JL4
£418K03/250.91 mi3, Coleman Drive, Lancaster LA1 3FQ4
£418K03/250.91 mi3, Coleman Drive, Lancaster LA1 3FQ4
£340K09/210.92 mi7, Masonfield Crescent, Lancaster, Lancashire LA1 3SR4
£363K09/210.92 mi73, Masonfield Crescent, Lancaster, Lancashire LA1 3SR4
£200K06/250.94 mi14, Golgotha Road, Lancaster LA1 3AA4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.60 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

Description

  • Residential Investment +
  • Four Bedroom HMO +
  • Producing £12,480 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, a city in the north of England and the county town of Lancashire. Lancaster lies approximately 19 miles northeast of Blackpool and 20 miles north of Preston. The city is a notable student hub, being home to Lancaster University and a campus of the University of Cumbria.

De Vitre Street is situated to the north of Bowerham, an area primarily consisting of terraced housing. The area also contains some industrial units. The Lancaster Hospital is located to the southwest, while the University of Cumbria's Lancaster campus lies to the southeast. This location is on the fringe of one of the most popular areas for students moving from university accommodation into the city.

The area is well-served by public transportation, with regular bus services operating southbound to the Lancaster University campus, including stops at the University Underpass.

Description
The property is a mid-terrace four bedroom, two storey house built with solid brick and 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, and two bedrooms. The first floor contains two bedrooms, and two shared bathrooms. The rear yard is accessible from the kitchen and a 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 LAN214624.

Planning Authority
Lancaster City Council -

E:50

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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