5 Bed HMO, Lancaster, LA1 3PP, £240,000

Ullswater Road, Lancaster, LA1 3PP - 6 views - a month ago

HMO
ROI: 15%
~178 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£1,871

Cashflow/mo

£859

Cashflow/yr

£10,308

ROI

15%

Gross Yield

14%













Property History

Listed for £240,000

February 12, 2025

Floor Plans

Description

  • Mid-Terrace House | Student Let +
  • Five Bedrooms +
  • Two Shower Room's +
  • One Reception Room +
  • Galley Kitchen +
  • West-facing Gardens +
  • HMO Licence +
  • Three Rooms Let for 24/25 Academic Term +

Location Ullswater Road in Lancaster is a desirable residential area offering a blend of convenience and community appeal. Its proximity to the city centre provides easy access to shopping, dining, and entertainment options. The neighbourhood boasts excellent local amenities, including a bakery, hairdresser, takeaway outlets, local shops, pharmacies, and the Gregson Community Centre. Families benefit from nearby reputable schools, such as the Lancaster Royal Grammar School. Additionally, the scenic Williamson Park is within walking distance, offering green spaces for recreation. The area is well-connected by local transport along Moor Lane, enhancing its appeal for residents seeking both convenience and a strong sense of community. Overview This five-bedroom HMO student house offers a well-designed living space, ideal for shared accommodation. The property features five generously sized bedrooms, each furnished with ample storage and study space, ensuring a comfortable environment for students. A spacious communal living area provides a welcoming space to relax, featuring a characterful fireplace and plenty of natural light. The modern kitchen is equipped with essential appliances, including a built-in oven, hob, washing machine, and ample storage. Two contemporary shower rooms with stylish fittings adds to the convenience of the home. At the rear, there is a low-maintenance garden space, perfect for outdoor relaxation. The property retains period features while incorporating modern upgrades to ensure a practical and comfortable living environment. With its well-thought-out layout and functional spaces, this property is a fantastic opportunity for landlords seeking a well-presented HMO or students looking for a practical and comfortable shared home. Extra Information

  • HMO Licence

  • Used Student Housing Lancaster to let to students

  • 5 Double bedrooms

  • Spacious rear garden

  • Popular location that is well connected

  • Walking distance to train station

EPC Rating: E

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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