5 Bed HMO, Lancaster, LA1 4QX, £265,000

Slaidburn Drive, Hala, Lancaster, LA1 4QX - 2 views - a month ago

HMO
ROI: 12%
~178 m²
+12 photos

ValuationUndervalued

Sold Prices£250K - £1.0M
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.5K/m²

Value Estimate

£320,650
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£1,957

Cashflow/mo

£773

Cashflow/yr

£9,282

ROI

12%

Gross Yield

12%

Local Sold Prices

27 sold prices from £250K to £1.0M, average is £500K. £1.6K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£266K12/200.22 mi6, Sandown Road, Lancaster, Lancashire LA1 4LN5
£273K12/200.22 mi1, Sandown Road, Lancaster, Lancashire LA1 4LN5
£587.5K06/230.28 mi23, Yealand Drive, Lancaster, Lancashire LA1 4EW5
£465K10/230.34 mi16, Hazelwood Gardens, Lancaster, Lancashire LA1 4PQ5
£440K06/210.56 mi44, Scotforth Road, Lancaster, Lancashire LA1 4SB5
£445K03/210.62 mi30, Spruce Avenue, Lancaster, Lancashire LA1 5LB5
£527.5K11/200.67 mi35, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR5
£520K03/210.67 mi22, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR5
£521.3K02/210.84 mi6, Belle Vue Avenue, Lancaster, Lancashire LA1 4DD5
£640K03/231.04 mi2, Marlton Way, Lancaster, Lancashire LA1 5BW5
£1.0M09/231.05 miMatingold, Stanmore Drive, Lancaster, Lancashire LA1 5BL5
£365K11/231.1 mi1, Anderson Close, Lancaster, Lancashire LA1 3JE5
£800K06/211.1 miAldercliffe, Haverbreaks Road, Lancaster, Lancashire LA1 5BJ5
£260K04/241.25 mi21, Dale Street, Lancaster, Lancashire LA1 3AP5
£460K03/211.26 mi39, Meadowside, Lancaster, Lancashire LA1 3AQ5
£370K03/211.26 mi13, Meadowside, Lancaster, Lancashire LA1 3AQ5
£390K03/211.27 mi23, South Road, Lancaster, Lancashire LA1 4XJ5
£800K10/231.36 miWoodacre, Littlefell Lane, Lancaster, Lancashire LA2 0RQ5
£635K10/201.38 mi6, Oaklands Court, Aldcliffe, Lancaster, Lancashire LA1 5AT5
£1.0M10/221.39 miCoach House, Oaklands Court, Aldcliffe, Lancaster, Lancashire LA1 5AX5
£530K12/201.45 mi12, Craiglands Court, Aldcliffe, Lancaster, Lancashire LA1 5AU5
£485.5K10/201.5 mi2, Parkgate Drive, Lancaster, Lancashire LA1 3FE5
£465K11/201.56 mi14, Standen Park House, Lancaster, Lancashire LA1 3FF5
£500K12/221.59 mi67, Masonfield Crescent, Lancaster, Lancashire LA1 3SR5
£250K05/211.73 mi77, Ashfield Avenue, Lancaster, Lancashire LA1 5DZ5
£680K01/231.75 miWoodmuir, Westbourne Road, Lancaster, Lancashire LA1 5EF5
£770K10/231.91 miGlebe House, Chapel Lane, Ellel, Lancaster, Lancashire LA2 0PW5

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.20 miles away

Nearest school

0.50 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £265,000

February 14, 2025

Floor Plans

Description

  • Licensed Student HMO +
  • Five Bedrooms +
  • Popular South Lancaster Location +
  • Bathroom & Shower Room +
  • Gas Central Heating & UPVC Double Glazing +
  • Let for 2025 - 2026 Academic Year +
  • Great Letting History +
  • Close to Local Shops & Bus Routes +
  • Current Landlords Gas Safety Certificates & EICR (Electrical Installation Condition Report +
  • Sold with Furniture & White Goods +

INCOME PRODUCING HMO. Let for the 2025 - 2026 academic year. 5 Bedroom Student Licensed HMO situated on the south side of Lancaster close to local shops and bus routes and with Lancaster University cycle track close by. The property has an excellent letting history and has been looked after by its present owners to a high standard. All the bedrooms are good sized doubles and it has a bathroom and a wet room. The property comes complete with furniture and white goods and benefits from UPVC double glazing and gas central heating and has copies of the current gas safety certificate and EICR (electrical installation condition report.) The accommodation briefly comprises: lounge, bedroom, kitchen and wet room to the ground floor and to the upper floor there are 4 bedrooms and a bathroom. Externally there are low maintenance front and rear gardens and on street parking to the front. This is an excellent income producing HMO investment property and viewings are highly recommended.

Council Tax Band: B (Lancaster City Council)
Tenure: Freehold

Agent Details

Sue Bridges, Lancaster

01524 967575

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪