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7 Bed HMO, Lancaster, LA1 1EB £355,000

Ridge Lane, Lancaster | INVESTORS – Fully let for 2025/26 with £43,600 annual income., LA1 1EB - 5 views - 6 months ago
  1. Deal Search
  2. Lancaster
  3. LA1
  4. LA1 1EB
HMO
Inside Article 4
ROI: 10%
~174 m²

ValuationUndervalued

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Property History

Listed for £355,000

June 11, 2025

Floor Plans

Description

  • End Terrace - Student Let +
  • x7 Bedrooms +
  • x1 Communal Living Area | x1 Kitchen +
  • x2 Bathrooms +
  • Fully Licensed HMO +
  • Parking to the Rear +
  • uPVC Double Glazed | Gas Central Heating +

A Prime Student Investment with Canal Views – Just Minutes from the City Centre Located on Ridge Street, just a short walk from Lancaster city centre, this substantial student home offers the best of convenience and lifestyle. With scenic views over the Lancaster Canal, residents benefit from peaceful surroundings while still being within five minutes of local hotspots such as The Sugar House and Lidl. Excellent transport links include nearby bus routes and quick access to the M6, making this an ideal base for students. Residents’ parking is available to the rear, a rare bonus in such a central location. A Fully Let 7-Bed Student HMO with Generous Living Space Across Four Floors Formerly part of a historic silk mill, this property has been converted into a large and practical student residence, set across four generous floors. On the lower ground floor, you'll find the communal living areas, which include a spacious lounge and a modern kitchen diner finished in pale grey units – ideal for socialising and shared student living. The ground floor and upper levels house seven double bedrooms, each equipped with fitted wardrobes, desks, and lockable doors for privacy and security. The property includes two bathrooms, shared between the tenants. Designed for comfort and functionality, this home makes the most of its layout and natural light, with large windows providing views over the canal. This is a fully licensed HMO that is already let for the 2025/26 academic year – a ready-made investment in a highly sought-after student location. Key Information

  • Fully licenced 7-bed HMO

  • Gross rental income: £43,600 (TBC)

  • Tenanted for academic year 2025/26

  • Spacious communal lounge and modern pale grey kitchen diner on lower ground floor

  • Two bathrooms across four floors

  • All bedrooms are lockable doubles with fitted furniture

  • uPVC double glazing and gas central heating

  • EICR available

  • Residents' parking space to the rear

EPC Rating: E

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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

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