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Potential 4-Bed HMO, Lancaster, LA2 0JS £220,000

39B Chapel Street, Lancaster, Lancashire, LA2 0JS - 2 months ago
  1. Deal Search
  2. Lancaster
  3. LA2
  4. LA2 0JS
HMO
Inside Article 4
ROI: 1%
~76 m²

ValuationOvervalued

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Property History

Listed for £220,000

October 13, 2025

Sold for £167,500

2007

Sold for £89,950

2001

Floor Plans

Description

  • Income Producing Investment +
  • Student HMO +
  • Very Close To Lancaster University +
  • Three Letting Bedrooms +
  • One Off Street Parking Space +
  • Garage/Landlord Store +
  • Excellent Location +
  • Let for 2025/2026 Academic Year +
  • Good Track Record Of Letting +
  • Tenure: FREEHOLD +

*LET FOR 2025/2026 ACADEMIC YEAR * GREAT INVESTMENT * *SEMI DETACHED * THREE BEDROOMS * LARGE KITCHEN/DINER * CLOAKROOM * GARDEN * GARAGE * TWO PARKING SPACES IN ASHLEY GARDENS ***

This income-producing student investment property offers a very generous income to an investor!

Located just a 15-minute walk and a 7-minute cycle to Lancaster University. This lovely home is exceptionally close to the Lancaster University campus, making it a very easy commute for the tenants. A bus to the centre is just a 1-minute walk away.

This well-presented property has been very well maintained and comes with a garden, allocated parking and a garage that would make an excellent landlord's store.

Lancaster city and has a lot to offer, with a great choice of high street shops, fabulous restaurants and a local market.

The city has excellent transport links via road and rail, making this an easy commute for professionals working at the renowned hospitals and universities.

The property is let for the 2025/2026 academic year, 3 X 48 with an annual gross income of £18,144 (£126 per person per week *including bills).

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).

Accommodation:
Lounge, spacious kitchen/diner and ground floor cloakroom. The first floor has three bedrooms and a bathroom. Enclosed rear garden, garage and allocated parking for two cars. The property benefits from double glazing and gas central heating.

***HD 360 VIDEO TOUR AVAILABLE***

Entrance Vestibule - Wood effect laminate flooring, consumer unit, door to lounge.

Lounge - Double glazed window to front, feature fireplace with inset electric fire, radiator, stairs to the first floor, radiator.

Kitchen/Diner - Double glazed window to rear, range of matching wall and base units, Vaillant wall mounted combi boiler, electric oven with four plate hob and extractor hood, plumbing for washing machine, stainless steel sink, tiled splashbacks, sliding patio doors to garden, door to cloakroom.

Cloakroom - Double glazed frosted window to rear, wash hand basin, storage cupboard, radiator, coat hook, wood effect laminate flooring, W.C.

First Floor Landing - Double glazed window to the side, linen and storage cupboard, access to the loft, carpeted flooring, radiator.

Bedroom One - Double glazed window to rear, storage cupboard, built-in wardrobes and draws, radiator, carpeted flooring.

Bedroom Two - Double glazed window to front, walk-in storage cupboard, radiator, carpeted flooring.

Bedroom Three - Double glazed window to front, radiator, carpeted flooring.

Bathroom - Double glazed frosted window to rear, panelled bath with shower, wash hand basin, partially tiled, extractor fan, vanity unit, shaver p[point, radiator, tile effect vinyl flooring, W.C.

Outside - Enclosed garden to the rear with lawn area, patio areas, storage shed and gate to the car park.

Detached Garage - Useful additional storage, landlord store or workshop.

Investment Information - The property is let for the 2025/2026 academic year, 3 X 48 with an annual gross income of £18,144 (£126 per person per week *including bills).
Excellent letting history

Current EICR & Landlords gas safety certificate in place.

The property is currently managed by Mighty Student Living on a fully managed basis, please call us for more details.

Useful Information - Council Ta1x Band ( C) £2,140
Tenure: Freehold

Agent Details

Mighty House Estates, Lancaster

01524 967572

Next Steps?

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

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