5 Bed HMO, Lancaster, LA1 1QY, £260,000

Sidney Terrace, Lancaster, Lancashire, LA1 1QY - 2 views - 2 months ago

HMO
ROI: 13%
~178 m²
+5 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

£319,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Total Cash In

£74,500

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£1,939

Cashflow/mo

£791

Cashflow/yr

£9,488

ROI

13%

Gross Yield

13%

Local Sold Prices

28 sold prices from £250K to £1.0M, average is £452.5K. £1.6K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£260K04/240.5 mi21, Dale Street, Lancaster, Lancashire LA1 3AP5
£460K03/210.52 mi39, Meadowside, Lancaster, Lancashire LA1 3AQ5
£370K03/210.52 mi13, Meadowside, Lancaster, Lancashire LA1 3AQ5
£390K03/210.53 mi23, South Road, Lancaster, Lancashire LA1 4XJ5
£365K11/230.75 mi1, Anderson Close, Lancaster, Lancashire LA1 3JE5
£465K11/200.75 mi14, Standen Park House, Lancaster, Lancashire LA1 3FF5
£250K05/210.76 mi77, Ashfield Avenue, Lancaster, Lancashire LA1 5DZ5
£680K01/230.86 miWoodmuir, Westbourne Road, Lancaster, Lancashire LA1 5EF5
£521.3K02/210.92 mi6, Belle Vue Avenue, Lancaster, Lancashire LA1 4DD5
£500K12/220.93 mi67, Masonfield Crescent, Lancaster, Lancashire LA1 3SR5
£640K03/230.95 mi2, Marlton Way, Lancaster, Lancashire LA1 5BW5
£1.0M09/231.13 miMatingold, Stanmore Drive, Lancaster, Lancashire LA1 5BL5
£800K06/211.17 miAldercliffe, Haverbreaks Road, Lancaster, Lancashire LA1 5BJ5
£485K10/211.22 miPeel Grange, Green Lane, Lancaster, Lancashire LA1 2ES5
£440K06/211.23 mi44, Scotforth Road, Lancaster, Lancashire LA1 4SB5
£445K03/211.32 mi30, Spruce Avenue, Lancaster, Lancashire LA1 5LB5
£375K01/231.34 mi21, Winster Park, Lancaster, Lancashire LA1 5TH5
£300K11/201.43 mi5, Calder Way, Morecambe, Lancashire LA3 3RX5
£1.0M10/221.44 miCoach House, Oaklands Court, Aldcliffe, Lancaster, Lancashire LA1 5AX5
£527.5K11/201.46 mi35, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR5
£520K03/211.46 mi22, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR5
£530K12/201.49 mi12, Craiglands Court, Aldcliffe, Lancaster, Lancashire LA1 5AU5
£587.5K06/231.52 mi23, Yealand Drive, Lancaster, Lancashire LA1 4EW5
£379.9K12/201.54 mi1, Trent Close, Morecambe, Lancashire LA3 3SR5
£266K12/201.69 mi6, Sandown Road, Lancaster, Lancashire LA1 4LN5
£273K12/201.69 mi1, Sandown Road, Lancaster, Lancashire LA1 4LN5
£335K09/221.86 mi44, Hadrian Road, Morecambe, Lancashire LA3 3BX5
£425K12/221.88 mi2, Buseph Drive, Morecambe, Lancashire LA4 6PQ5

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.98 miles away

Nearest school

0.30 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £260,000

February 27, 2025

Floor Plans

Description

  • HMO in prime location +
  • Five individial bedrooms - fully furnished +
  • Two modern shower rooms +
  • Accommodation over four floors +
  • Lower ground floor living space +
  • Rear yard +

Spacious End-Terraced HMO Property in Prime Lancaster Location..
This deceptively spacious end-terraced property with active HMO status offers modern, contemporary accommodation across four floors. Ideal for investors, this well-presented property features five individual bedrooms; each are fully furnished, two separate first-floor shower rooms, and a modern open-plan kitchen and living area on the lower ground floor.

Situated in a quiet cul-de-sac, the property benefits from resident's permit parking and a low-maintenance rear yard. Its excellent location makes it easily accessible to Lancaster city centre, the universities, and the hospital, all within walking distance.
AGENTS NOTE - current owner has signed agreements for academic year 2025 - 2026 (five lets with each paying £130/week/room - bills included)

Viewing is highly recommended to fully appreciate the size and quality of this fantastic investment opportunity.

Agent Details

Entwistle Green, Lancaster

01524 938270

Next Steps?

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