4 Bed HMO, Lancaster, LA1 2AD, £200,000

34 Derby Road, Lancaster, Lancashire, LA1 2AD - 3 views - 5 months ago

Auction
HMO
ROI: 4%
78 m²
+7 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Room Rate

£393

Gross Rent

£1,570

Running Costs/mo

£1,393

Cashflow/mo

£177

Cashflow/yr

£2,124

ROI

4%

Gross Yield

9%













Property History

Listed for £200,000

October 28, 2024

Description

  • Residential Investment +
  • Four Bedroom HMO +
  • Producing £18,840 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 is a city in northern England and serves as the county town of Lancashire. It is located approximately 19 miles northeast of Blackpool and about 20 miles north of Preston. According to the 2011 Census, the city center has an estimated population of 52,234, while the broader City of Lancaster area has a population of around 138,375. Lancaster is a favored destination for students, hosting both Lancaster University and a campus of the University of Cumbria.

Derby Road is located just north of the River Lune, approximately 500 meters from the city center. This area features a mix of terraced housing and blocks of flats, alongside a small retail parade and a college campus to the north. It is within walking distance of the main shopping area, which can be accessed via a pedestrian bridge that crosses the river.

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 property provides a kitchen/living room and two bedrooms at ground floor level and two bedrooms, each with en-suites and a shared bathroom at first floor level.

The property has a small, paved garden to the front of the property and a small yard to the rear which can be accessed of one of the bedrooms and the kitchen.

The property is approximately 78 sq m (840 sq ft).

Tenure
The property is held Freehold under Title Number LA728496.

Planning Authority
Lancaster City Council -

D:66

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 💪

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