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

34 Derby Road, Lancaster, Lancashire, LA1 2AD - a year ago
Auction
HMO
Inside Article 4
ROI: 3%
78 m²
Property image

ValuationOvervalued

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

 

 

Square Metres

78 m²
Price/m²£2.6K/m²

Value Estimate

£182,099

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Room Rate

£393

Gross Rent

£1,572

Running Costs/mo

£1,393

Cashflow/mo

£179

Cashflow/yr

£2,144

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £165K to £800K, average is £275K. £1.3K/m² to £4.2K/m², average is £2.3K/m².

Price
Date
Distance
Address
Beds
 
£210K06/250.19 mi4, St Johns Mews, Lancaster LA1 1HJ4
£210K06/250.19 mi4, St Johns Mews, Lancaster LA1 1HJ4
£221.5K01/240.33 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£220K11/210.33 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.33 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.33 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£165K10/230.34 mi40, Owen Road, Lancaster, Lancashire LA1 2BN4
£695K03/230.42 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£800K08/230.43 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£220K02/250.46 mi100, Ullswater Road, Lancaster LA1 3PX4
£285K08/210.5 mi7, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ4
£268K02/240.51 mi39, Windermere Road, Lancaster, Lancashire LA1 3EX4
£192K04/250.53 mi1, Halton Road, Lancaster LA1 2EA4
£257.5K05/230.54 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU4
£295K03/240.54 mi79, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£288K05/230.54 mi62, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£265K02/230.54 mi23, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG4
£336.3K11/210.58 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£255K11/210.59 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£380K06/210.6 mi40, Derwent Road, Lancaster, Lancashire LA1 3ES4
£168K09/230.61 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£270K07/250.61 mi50, Blades Street, Lancaster LA1 1TS4
£225K04/250.63 mi17, Salisbury Road, Lancaster LA1 5PQ4
£186K05/210.65 mi65, Vale Road, Lancaster, Lancashire LA1 2JN4
£340K09/210.65 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£260K02/240.66 mi24, Vale Road, Lancaster, Lancashire LA1 2JL4
£230K09/230.68 mi26, Tan Hill Drive, Lancaster, Lancashire LA1 2JB4
£250K12/230.7 mi20, Caldbeck Road, Lancaster, Lancashire LA1 3LU4
£322K11/210.73 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£382.5K04/230.73 mi65, Westbourne Road, Lancaster, Lancashire LA1 5AY4
£618K02/230.76 miBrynmawr, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£314K05/250.77 mi53, Regent Street, Lancaster LA1 1SH4
£615K05/210.79 miTrefan, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£215K07/230.8 mi31, West Drive, Lancaster, Lancashire LA1 5BY4
£212K12/210.8 mi55, Clarence Street, Lancaster, Lancashire LA1 3BB4
£390.5K09/210.81 mi18, Nairn Road, Lancaster, Lancashire LA1 5UY4
£360K11/240.81 mi32, Dennison Close, Lancaster LA1 3SX4
£247K01/250.81 mi8, Milking Stile Lane, Lancaster LA1 5QB4
£265K08/230.87 mi1, Wilton Close, Lancaster, Lancashire LA1 2TL4
£280K12/240.88 mi33, Africa Drive, Lancaster LA1 5TZ4
£311.3K11/240.9 mi10, Wilton Close, Lancaster LA1 2TL4
£267.5K03/250.9 mi6, Wilton Close, Lancaster LA1 2TL4
£320K03/230.9 mi16, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£318.5K06/230.9 mi18, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£365K02/250.9 mi23, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£375K05/230.92 mi66, Greaves Road, Lancaster, Lancashire LA1 4UR4
£210K11/240.95 mi16, Beaumont Place, Lancaster LA1 2EY4
£346.5K10/230.96 mi19, Washington Close, Lancaster LA1 5EX4
£390K09/230.97 mi25, Roosevelt Avenue, Lancaster, Lancashire LA1 5EJ4
£330K11/211 mi1, Golgotha Village, Lancaster, Lancashire LA1 3DZ4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

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 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 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?

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