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Chapel Street, Galgate, Lancaster

PROPERTY TYPE

Semi-Detached

BEDROOMS

3

BATHROOMS

1

SIZE

866 sq ft

80 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 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 2026/2027 Academic Year
  • Good Track Record Of Letting
  • Tenure: FREEHOLD

Description

This income-producing student investment property offers a strong and reliable return, supported by an excellent letting history.

Ideally located just a 15-minute walk or a 7-minute cycle from Lancaster University, the property provides convenient access for tenants. A bus stop with routes into the city centre is also just a 1-minute walk away.

The property is well presented throughout and has been carefully maintained. Externally, it benefits from an enclosed rear garden, allocated parking, and a garage, which would be ideal for use as a landlord’s store.

Lancaster offers a wide range of amenities, including high street shops, popular restaurants, and a local market. The city also benefits from excellent road and rail links, making it well-connected for professionals working at nearby hospitals and universities.

The property is let for the 2026/2027 academic year on a 48-week tenancy (3 x occupants), generating an annual gross income of £18,144 (£126 per person per week, inclusive of bills).

The sale includes furniture and white goods, excluding tenants’ personal belongings.

Accommodation:
Lounge, spacious kitchen/diner, and ground-floor cloakroom. On the first floor are three bedrooms and a bathroom. Externally, there is an enclosed rear garden, garage, and allocated parking for two vehicles. The property also benefits from double glazing and gas central heating.

Parking spaces are located within Ashley Gardens.

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 2026/2027 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

Brochures

Chapel Street, Galgate, LancasterBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Chapel Street, Galgate, Lancaster

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About Mighty House Estates, Lancaster

53 Market Street Lancaster LA1 1JG
Industry affiliations:

Mighty House Estates is owned and run by Chartered Surveyors who are passionate about property and customer service.

We have between us over 50 years experience in both selling property and letting and managing property. We are continually performing as one of the top Estate and Letting Agents in Lancaster.

We are multiple property Landlords, property investors and developers ourselves and bring an exceptional range of skills and experience to the business. As a result we offer a range of services and customer service that we would want to receive ourselves and believe it to be second to none.

If you would like a free valuation on your property for sale or rent anywhere in the Lancaster and Morecambe Bay area please give our team a call!

Affordability

Monthly repayments£1,004
Property: £ 220,000
Deposit: £ 22,000
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 34237286. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mighty House Estates, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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