4 Bed HMO, Lancaster, LA1 4UF £230,000

12 Vine Street, Lancaster, Lancashire, LA1 4UF - 7 views - a year ago
Sold STC
HMO
ROI: 7%
90 m²
Property image

ValuationOvervalued

Sold Prices£182K - £670K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

90 m²
Price/m²£2.6K/m²

Value Estimate

£220,588

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Room Rate

£496

Gross Rent

£1,984

Running Costs/mo

£1,587

Cashflow/mo

£397

Cashflow/yr

£4,763

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £182K to £670K, average is £333.1K. £1.6K/m² to £3.9K/m², average is £2.5K/m².

Price
Date
Distance
Address
Beds
 
£202K11/230.12 mi39, Bridge Road, Lancaster, Lancashire LA1 4UL4
£280K07/210.17 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4
£375K05/230.17 mi66, Greaves Road, Lancaster, Lancashire LA1 4UR4
£390K05/210.25 mi6a, Marlton Way, Lancaster, Lancashire LA1 5BW4
£435K08/230.31 mi7, St Pauls Drive, Lancaster, Lancashire LA1 4SR4
£225K01/250.32 mi11, Havelock Street, Lancaster LA1 4AD4
£670K10/220.33 mi1, Millar Court, Lancaster, Lancashire LA1 5XB4
£200K06/250.33 mi14, Golgotha Road, Lancaster LA1 3AA4
£200K06/250.33 mi14, Golgotha Road, Lancaster LA1 3AA4
£322K11/210.35 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£198.1K08/210.36 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD4
£315K03/250.43 mi4, Cork Road, Lancaster LA1 4AJ4
£268K12/210.43 mi35, Chatsworth Road, Lancaster, Lancashire LA1 4SL4
£301K08/230.43 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£314K05/250.43 mi53, Regent Street, Lancaster LA1 1SH4
£212K12/210.45 mi55, Clarence Street, Lancaster, Lancashire LA1 3BB4
£385K02/230.45 mi11, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£290K05/210.5 mi145, Bowerham Road, Lancaster, Lancashire LA1 4HN4
£340K09/210.5 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£375K06/230.54 mi80, Barton Road, Lancaster, Lancashire LA1 4EL4
£320K07/230.56 mi3, Cranwell Avenue, Lancaster, Lancashire LA1 4HW4
£581.3K06/230.59 mi20, Hall Park, Lancaster, Lancashire LA1 4SH4
£402K03/230.59 mi37, Hall Park, Lancaster, Lancashire LA1 4SH4
£556.5K01/250.59 mi18, Lindbergh Avenue, Lancaster LA1 5FR4
£556.5K01/250.59 mi18, Lindbergh Avenue, Lancaster LA1 5FR4
£330K11/210.6 mi1, Golgotha Village, Lancaster, Lancashire LA1 3DZ4
£635K07/230.61 mi12, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£580.1K11/220.61 mi21, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£255K11/210.62 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£625K02/250.63 mi111, Barton Road, Lancaster LA1 4EN4
£336.3K11/210.64 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£270K07/250.64 mi50, Blades Street, Lancaster LA1 1TS4
£285K05/250.66 mi42, Winchester Avenue, Lancaster LA1 4HX4
£315K07/250.66 mi56, Winchester Avenue, Lancaster LA1 4HX4
£605K06/250.67 mi31, Alderman Road, Lancaster LA1 5FW4
£605K06/250.67 mi31, Alderman Road, Lancaster LA1 5FW4
£475K10/220.67 mi2c, Yealand Drive, Lancaster, Lancashire LA1 4EW4
£360K08/250.71 mi269, Willow Lane, Lancaster LA1 5UB4
£475K12/240.73 mi263, Willow Lane, Lancaster LA1 5UB4
£347.5K06/230.74 mi7, Kempton Road, Lancaster, Lancashire LA1 4LU4
£290K09/240.74 mi1, Kempton Road, Lancaster LA1 4LU4
£285K06/210.75 mi81, Chequers Avenue, Lancaster, Lancashire LA1 4HZ4
£415K12/240.76 mi34, Pottery Gardens, Lancaster LA1 3TB4
£182K04/230.77 mi47, Ingleton Drive, Lancaster, Lancashire LA1 4QZ4
£350K03/250.78 mi38, Pottery Gardens, Lancaster LA1 3TB4
£350K03/250.78 mi38, Pottery Gardens, Lancaster LA1 3TB4
£220K02/250.79 mi100, Ullswater Road, Lancaster LA1 3PX4
£330K12/230.79 mi6, Astley Court, Lancaster LA1 5UE4
£250K10/230.8 mi34, Newlands Road, Lancaster, Lancashire LA1 4JF4
£410K11/240.8 mi246, Bowerham Road, Lancaster LA1 4LR4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £230,000

November 25, 2024

Sold for £137,500

2018

Sold for £115,000

2015

Floor Plans

Property image

Description

  • NO CHAIN +
  • INCOME PRODUCING STUDENT PROPERTY +
  • FOUR BEDROOMS +
  • TWO SHOWER ROOMS +
  • WELL PRESENTED THROUGHOUT +
  • FOOL PROOF INVESTMENT +
  • CLOSE TO THE CITY CENTRE +
  • GOOD LETTING HISTORY +
  • EXCELLENT LINKS TO THE UNIVERSITIES +
  • GOOD LOCAL AMENITIES +

*INCOME PRODUCING HMO STUDENT PROPERTY* *4 LETTING BEDROOMS * 2 SHOWER ROOMS *CLOSE TO THE CITY CENTRE * WELL PRESENTED * GREAT LOCATION FOR STUDENTS *

Character income-producing property situated close to the city centre with all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.
Well presented throughout, this property is very well presented and offers excellent accommodation for students and is only a few minutes walk to the city centre.

This property is let for this 2024/2025 academic year at 4 x £124 x 48 (per person per week) offering an annual gross income of £23,808

The property is also let for the 2025/2026 academic year at 4 x £124 x 48 (per person per week) offering an annual gross income of £23,808

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

Entrance Hallway - Stairs to the first floor, laminate floor.

Bedroom One - Double-glazed window to the front, built-in cupboard housing the consumer unit, carpeted floor, radiator.

Lounge/Diner - Double-glazed window to the rear, understairs storage space, laminate floor, radiator.

Kitchen - Double-glazed window to the rear, range of matching wall and base units, fridge/freezer, washing dryer, stainless steel sink, four-ring gas hob and extractor hood, electric oven, radiator, vinyl floor, door to the yard.

First Floor Landing - Stairs to the second floor, a cupboard housing the washing machine and combi boiler.

Bedroom Two - Double-glazed window to the front, carpeted floor, radiator.

Shower Room One - Double-glazed frosted window to the rear, shower cubicle with thermostatic shower, wash hand basin, heated towel rail, vinyl floor, extractor fan, W.C.

Shower Room Two - Double-glazed frosted window to the rear, shower cubicle with Mira electric shower, wash hand basin, heated towel rail, vinyl floor, extractor fan, W.C.

Second Floor Landing -

Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator.

Bedroom Four - Double-glazed window to the front, carpeted floor, radiator.

Yard - Gate to access road.

Investment Information - This property is let for this 2024/2025 academic year at 4 x £124 x 48 (per person per week) offering an annual gross income of £23,808

The property is also let for the 2025/2026 academic year at 4 x £124 x 48 (per person per week) offering an annual gross income of £23,808

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Tenure Freehold
Council Tax Band (B ) £1756.26

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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