4 Bed HMO, Lancaster, LA1 4QW, £285,000

Claughton Drive, Lancaster, LA1 4QW - 1 views - a month ago

Sold STC
HMO
ROI: 5%
~129 m²
+22 photos

ValuationUndervalued

Sold Prices£165K - £640K
Sold Prices/m²£786/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£339,982
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,184

Running Costs/mo

£1,820

Cashflow/mo

£364

Cashflow/yr

£4,366

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £165K to £640K, average is £340K. £786/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£170K02/210.16 mi48, Appletree Drive, Lancaster, Lancashire LA1 4QY4
£475K10/220.17 mi2c, Yealand Drive, Lancaster, Lancashire LA1 4EW4
£182K04/230.2 mi47, Ingleton Drive, Lancaster, Lancashire LA1 4QZ4
£430K10/220.2 mi6, Bay Horse Drive, Lancaster, Lancashire LA1 4LA4
£360K04/210.22 mi5, The Hawthorns, Lancaster, Lancashire LA1 4PJ4
£243K03/210.26 mi41, Shireshead Crescent, Lancaster, Lancashire LA1 4LD4
£282.5K02/210.27 mi2, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£337.5K03/210.27 mi20, Winmarleigh Road, Lancaster, Lancashire LA1 4LG4
£410K06/210.29 mi7, Maplewood Gardens, Lancaster, Lancashire LA1 4PE4
£315K02/230.29 mi32, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ4
£581.3K06/230.29 mi20, Hall Park, Lancaster, Lancashire LA1 4SH4
£402K03/230.29 mi37, Hall Park, Lancaster, Lancashire LA1 4SH4
£275K03/210.3 mi117, Scotforth Road, Lancaster, Lancashire LA1 4JN4
£375K06/230.3 mi80, Barton Road, Lancaster, Lancashire LA1 4EL4
£342.5K07/220.31 mi20, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£395K07/210.31 mi12, Elmwood Gardens, Lancaster, Lancashire LA1 4PG4
£165K03/210.32 mi17, Shaftesbury Place, Lancaster, Lancashire LA1 4PZ4
£350K12/200.32 mi14, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£365K08/210.32 mi19, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£410K04/210.34 mi5, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£465K08/220.34 mi8, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£347.5K06/230.36 mi7, Kempton Road, Lancaster, Lancashire LA1 4LU4
£252K05/210.37 mi79, Scotforth Road, Lancaster, Lancashire LA1 4SD4
£450K12/200.41 mi3, Beechwood Gardens, Lancaster, Lancashire LA1 4PH4
£268K12/210.42 mi35, Chatsworth Road, Lancaster, Lancashire LA1 4SL4
£360K12/200.42 mi7, Ascot Close, Lancaster, Lancashire LA1 4LT4
£285K02/210.5 mi2, Barton Road, Lancaster, Lancashire LA1 4ER4
£385K02/230.5 mi11, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£268.5K11/200.5 mi40, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£435K08/230.53 mi7, St Pauls Drive, Lancaster, Lancashire LA1 4SR4
£635K07/230.54 mi12, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£580.1K11/220.54 mi21, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£301K08/230.56 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£250K03/210.56 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£285K06/210.56 mi81, Chequers Avenue, Lancaster, Lancashire LA1 4HZ4
£357K01/210.58 mi17, Scotforth Road, Lancaster, Lancashire LA1 4TS4
£290K05/210.6 mi145, Bowerham Road, Lancaster, Lancashire LA1 4HN4
£365K03/210.62 mi10, Lily Grove, Lancaster, Lancashire LA1 4TR4
£250K10/230.64 mi34, Newlands Road, Lancaster, Lancashire LA1 4JF4
£478K06/210.65 miCherry Trees, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£640K04/230.65 miWillow House, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£320K07/230.66 mi3, Cranwell Avenue, Lancaster, Lancashire LA1 4HW4
£262K03/210.69 mi42, Winchester Avenue, Lancaster, Lancashire LA1 4HX4
£280K07/210.73 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4
£202K11/230.74 mi39, Bridge Road, Lancaster, Lancashire LA1 4UL4
£375K11/230.81 mi114, Newlands Road, Lancaster, Lancashire LA1 4JE4
£265K11/200.83 mi14, Cork Road, Lancaster, Lancashire LA1 4BD4
£198.1K08/210.83 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD4
£255K03/210.84 mi60, Canterbury Avenue, Lancaster, Lancashire LA1 4AU4
£310K11/200.85 mi29, Colchester Avenue, Lancaster, Lancashire LA1 4AX4

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.08 miles away

Nearest school

0.40 miles away

Nearest train station

1.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £285,000

February 17, 2025

Floor Plans

Description

  • A 4 bedroom double fronted semi detached home +
  • All 4 bedrooms are double bedrooms +
  • Spacious living room with parquet flooring +
  • Open plan kitchen diner +
  • 3 piece shower room, with additional shower and wc to ground floor +
  • Private lawned gardens +
  • Detached garage with driveway for off street parking +

Where is Abbeystead Drive, Hala? Claughton Drive is situated in the Hala area of Lancaster, a popular residential location known for its peaceful, family-friendly atmosphere. It's conveniently close to local amenities, including schools, shops, and healthcare facilities, while also offering easy access to Lancaster University and the city centre. The area is well-connected by public transport With a blend of convenience, community spirit, and proximity to open green spaces, Hala is a highly sought-after location for families and professionals and mature students alike. About this home Welcome to this spacious 4-bedroom semi-detached home located in the sought-after Claughton Drive area. This double-fronted property offers a perfect blend of modern living and original features, making it an ideal family home or investment opportunity. Upon entering, you are greeted by a spacious lounge with large dual-aspect windows that fill the room with natural light. The open-plan kitchen diner is a highlight of the home, featuring modern white gloss units with stylish brushed silver bar handles and ample space for family dining. The living areas benefit from attractive wooden parquet flooring, adding a touch of elegance and warmth throughout. On the ground floor, there is a utility area with a convenient ground floor WC and shower room, offering extra practicality for a busy household. The first floor includes four well-proportioned bedrooms, two of which feature original built-in wardrobes, providing plenty of storage space. Each bedroom offers a peaceful retreat, ideal for a growing family or accommodating guests. Externally, the property has a west-facing rear garden, which is private and family-friendly, with a neatly maintained lawn. To the side of the home is a detached garage and a driveway with space for up to two vehicles, ensuring convenient off-road parking. This home also benefits from a lovely outlook over Hala Green to the front, providing a pleasing ‘green’ view. The property has been used as an HMO for several years, offering a regular income with constant tenants. Perfect for those looking for a spacious home in a desirable location or an investor looking for a successful income producing HMO. Information for Investors This property has a HMO license which we are informed was renewed in 2023 and is valid for 10 years. It is transferable. Extra Useful Information

  • This home is UPVC double glazed

  • It is gas central heated. The gas combination boiler has been serviced annually

  • The garage has power

  • It is council tax band B

  • It is a freehold property

  • There is no onward chain

EPC Rating: D

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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