Penny Street, Lancaster
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
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- TENUREDescribes 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 STUDENT HMO
- HEART OF THE CITY CENTRE
- VERY WELL MAINTAINED THROUGHOUT
- TWO SHOWER ROOMS
- FUTURE PROOF INVESTMENT
- EXCELLENT LETTING HISTORY
- LOCATION LOCATION LOCATION
- NO CHAIN
- ADVERTISED FOR THE ACADEMIC YEAR 2026/27
Description
Located in the heart of Lancaster city centre, this well-positioned student property presents an excellent investment opportunity with a strong and consistent letting history.
The property is within easy walking distance of a wide range of amenities, including gyms, pubs, shops, eateries, and healthcare services, making it highly attractive to student tenants.
For the 2025/2026 academic year, the property was fully let at 6 x £129 per person per week (48 weeks), generating an annual gross income of £37,152.
Looking ahead, it is being marketed for the 2026/2027 academic year at £132 per person per week, offering a potential gross income of £38,016 per annum based on full occupancy.
The property is offered for sale with furniture and white goods included, excluding tenants’ personal belongings.
A valid HMO licence is currently in place (a new owner will be required to apply for their own licence upon completion).
All necessary landlord compliance is up to date, including a current gas safety certificate and EICR (Electrical Installation Condition Report).
Entrance Hallway - Stairs up to the first floor.
First Floor Hallway - Stairs to the second floor, utility area.
Utility Area - Washing machine and dryer, cupboard housing consumer unit and steps down to the shower room.
Shower Room - Windows to side and rear, shower cubicle with Mira electric shower, wash hand basin, laminate floor, radiator, extractor fan, W.C.
Bedroom One - Window to front, cupboard housing combi boiler, carpeted floor, radiator.
Bedroom Two - Window to front, carpeted floor, radiator.
Bedroom Three - Window to rear, carpeted floor, radiator.
Second Floor Landing - Stairs to the third floor.
W.C - Window to the rear, laminate floor, radaitor, W.C.
Kitchen/Diner/Lounge - Windows to front and rear, range of matching wall and base units, two electric ovens and extractor hood, dishwasher, two fridge/freezers, double stainless steel sink, dining table and chairs, radiators, two settees, laminate floor, TV.
Third Floor -
Shower Room - Window to rear, wash hand basin, shower cubicle with Mira electric shower, extractor fan, laminate floor, W.C.
Bedroom Four - Window to rear, carpeted floor, radiator.
Bedroom Five - Skylight, carpeted floor, radiator.
Bedroom Six - Window to front, carpeted floor, radiator.
Investment Information - The property was let for the 2025/2026 academic year at 6 x £129 PPW x 48 (per person per week), having an annual gross income of £37,152.
Looking ahead, the property is advertised for the 2026/2027 academic year at a full occupancy rate of 6 tenants at £132pppw (48 weeks), offering potential gross income of £38,016 per annum..
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).
*This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Tenure Freehold
Council Tax Band (A ) £1505.37
Brochures
Penny Street, 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Penny Street, Lancaster
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Visit our security centre to find out moreDisclaimer - Property reference 34477958. 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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