Cheltenham Road, Lancaster
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
5
- 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 HMO
- FIVE LETTING BEDROOMS
- FIVE EN-SUITES
- TWO KITCHENETTES
- SET OVER THREE FLOORS
- LET FOR THE NEXT 2026/2027 ACADEMIC YEAR
- POPULAR STUDENT LOCATION
- EXCELLENT BUS ROUTES TO UNIVERSITIES
- EXTREMELY WELL PRESENTED THROUGHOUT
- GROUND FLOOR CLOAKROOM
Description
Mighty House Estates is delighted to present an excellent investment opportunity within one of South Lancaster's most sought-after student locations.
Ideally positioned within easy walking distance of Lancaster city centre and its wide range of amenities, the property also benefits from excellent public transport links providing convenient access to both universities.
With a proven and consistent letting history, this is a future-proof investment offering strong demand from the student market and excellent potential for continued rental growth.
The property is fully let for the 2025/2026 academic year at £144 per person per week for 48 weeks, generating a gross annual income of £34,560.
It is also fully let for the 2026/2027 academic year at £149 per person per week for 48 weeks, generating a gross annual income of £35,760.
The property is to be sold with the majority of furniture and white goods included within the sale, excluding tenants' personal belongings and any items personally owned by the occupants.
The property currently benefits from a valid HMO licence granted by the local authority. Please note that a purchaser will be required to apply for a new licence following completion.
Current landlord compliance documentation is in place, including a valid Gas Safety Certificate and Electrical Installation Condition Report (EICR), providing additional reassurance for prospective investors.
This represents a rare opportunity to acquire a well-maintained, fully let student investment property with immediate income and strong future returns in a highly desirable rental location.
Entrance Hallway - Laminate floor, radiator, stairs to the first floor.
Bedroom One - Double-glazed bay window to the front, carpeted floor, radiator.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Lounge - Double-glazed window to the rear, laminate floor, radiator.
Kitchen/Diner - Double-glazed window to the side, range of matching wall and base units, breakfast bar, electric hob and extractor hood, integrated oven and grill, stainless steel sink, washing machine, fridge/freezer, understairs storage cupboard, door to rear yard, laminate floor, radiator.
Inner Hallway - Cupboard housing Ideal combi boiler, tiled floor, door to Cloakroom.
Cloakroom - Double-glazed window to the side, wash hand basin, tiled floor, W.C.
First Floor Landing - Radiator, stairs to the second floor.
Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Bedroom Four - Double-glazed window to the front, kitchenette with integrated sink, microwave, fridge and under sink storage space, carpeted floor, radiator.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Second Floor Landing -
Bedroom Five - Double-glazed window to the rear, kitchenette with integrated sink, microwave, fridge and under sink storage space, carpeted floor, radiator.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Yard - Patio area and gate to access road.
Investment & Useful Information - Tenure Freehold
Council Tax Band (B) £1,914.17
This property has had a RICS survey and has been valued at £335,000. Information is available on request.
This property is let for this academic year 2025/2026 academic year at 5 X £144 PPPW X 48 (per person per week) offering an annual gross income of £34,560.
This property is also let for the next academic year 2026/20267academic year at 5 X £149 PPPW X 48 (per person per week) offering an annual gross income of £35,760
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).
Brochures
Cheltenham Road, 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: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- 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.
- Ask agent
Cheltenham Road, Lancaster
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Visit our security centre to find out moreDisclaimer - Property reference 34734824. 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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