Lazonby Terrace, London Road, Carlisle, Cumberland
- PROPERTY TYPE
End of Terrace
- 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
- 12% gross yield — £34,825 annual income on a £290,000 asking price
- Freehold dual unit — 5-bed HMO + 1-bed flat on a single title, sold together
- Licensed HMO — licence in place, not in an Article 4 area
- Fully let, no voids — 26/27 tenancies confirmed on both units already
- Zero arrears in 15+ years — proven, reliable income history
- Hands-off — professionally managed by an established Carlisle agent
Description
14 & 14A Lazonby Terrace, London Road, Carlisle, CA1 2PZ
Asking Price: £290,000 | Gross Yield: ~12% | Annual Income: £34,825
We are offering a rare opportunity to acquire a fully tenanted, income-producing HMO investment. Expressions of interest are invited from serious investors now.
THE INVESTMENT AT A GLANCE
Freehold dual unit — both properties sold together on a single title
Licensed 5-bed HMO + self-contained 1-bed garden flat
~12% gross yield at asking price
£34,825 current annual income (25/26) | £34,840 projected (26/27)
Fully let — 26/27 tenancies already confirmed on both units
Zero arrears across 15+ years of continuous letting
Professionally managed by an established local agent — truly hands-off
Not in an Article 4 area — HMO licence already in place
14 LAZONBY TERRACE — 5-BED LICENSED HMO
A spacious Victorian end-terrace let to students, comprising 4 double bedrooms and 1 single bedroom, 3 en-suite shower rooms, 1 family bathroom, and 1 en-suite WC/WHB. Large lounge/diner and kitchen throughout.
Current tenants: student group, September 2025 – July 2026
Incoming tenants: new group confirmed from 1 September 2026 (room of 4 booked; single used as study)
Annual income: £27,025 (25/26) | £27,040 projected (26/27)
14A LAZONBY TERRACE — 1-BED SELF-CONTAINED GARDEN FLAT
A self-contained flat with its own private entrance, comprising a large double bedroom with en-suite bathroom and an open-plan kitchen/living/dining area.
Current tenant: student, moved in September 2025, continuing into 26/27
Annual income: £7,800 (25/26 and 26/27)
Both properties share a rear yard and a small forecourt garden.
FINANCIAL SUMMARY
Unit | 2025/26 | 2026/27 (projected)
14 Lazonby Terrace (HMO) | £27,025 | £27,040
14A Lazonby Terrace (Flat) | £7,800 | £7,800
Total | £34,825 | £34,840
All bills included in rent. Council tax is disregarded (student tenants).
WHY INVEST HERE?
Carlisle benefits from a consistent and proven student demand base, supporting reliable year-on-year occupancy. This property has been continuously let for over 15 years with no rental arrears on either unit — a track record that speaks for itself.
This is an exceptional opportunity to acquire a high-yielding, fully managed, freehold investment with immediate income and no void risk.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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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Energy performance certificate - ask agent
Lazonby Terrace, London Road, Carlisle, Cumberland
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