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Palatine Avenue, Lancaster, LA1

PROPERTY TYPE

Semi-Detached

BEDROOMS

3

BATHROOMS

1

SIZE

1,109 sq ft

103 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

  • A four bed investment property in the heart of Bowerham
  • Secured tenants for the 2026/27 academic year
  • Gross annual rental income of £23,040
  • Four well-proportioned student bedrooms
  • Separate lounge and dining area for shared living
  • Dedicated utility room with washing machine and dryer
  • Bathroom plus an additional separate WC
  • Furnishings and white goods included in the sale
  • Established Bowerham location close to both universities

Description

The Location

Palatine Avenue sits in the popular Bowerham area of South Lancaster, a well-established student location with a strong rental history. The University of Cumbria is within walking distance, while regular bus services provide straightforward access to Lancaster University. Bowerham Road offers useful everyday amenities, including shops, takeaways and convenience stores, with Lancaster city centre, Royal Lancaster Infirmary and the city’s wider social scene also easily reached. This combination of two universities, nearby amenities and reliable transport links helps maintain consistent demand from student tenants, making the location particularly attractive to landlords seeking an established investment area.

The Property

Already let for the 2026/27 academic year, this well-maintained four-bedroom student property offers an incoming landlord the reassurance of secured tenants and a gross annual income of £23,040 from completion.

The ground floor opens into a spacious hallway, with the first of four letting bedrooms positioned at the front. This generous room includes a traditional cast-iron fireplace, adding character to an otherwise practical student space. A separate utility room keeps laundry away from the main living areas and is fitted with storage units, a sink, washing machine and dryer.

To the rear is a comfortable lounge and dining room where tenants can relax and eat together. The adjoining kitchen overlooks the garden and is fitted with a range of storage units, an electric hob and oven, extractor, dishwasher, fridge-freezer and sink. A glazed external door provides direct access to the garden.

Upstairs are three further well-proportioned letting bedrooms, one of which retains another cast-iron fireplace. The bathroom includes a bath with a thermostatic shower, washbasin and WC, while a separate additional WC helps make the accommodation more practical for four sharers.

Outside, the established rear garden includes a lawn, patio and storage shed, giving tenants space to sit outside without demanding an overly complicated maintenance schedule.

The property is sold with furniture and white goods included, excluding tenants’ personal possessions. Offered with no onward chain and an established letting history, this is a ready-made investment with income already secured for the next academic year.

Material Information
  • Freehold property offered with no onward chain

  • Council Tax Band B

  • EPC rating C, with cavity-wall insulation installed

  • Gas central heating from a Vaillant combination boiler; a current landlord’s Gas Safety Certificate is in place

  • Double glazing installed and a current EICR is in place

  • Let for 2026/27 at £120 per person per week across four rooms, producing a gross annual income of £23,040 with bills included

  • Furniture and white goods are included, excluding tenants’ belongings; the property does not currently require an HMO licence


EPC Rating: C

Garden

Lawned Garden

Parking - Off street

Driveway to the front

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.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
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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Palatine Avenue, Lancaster, LA1

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Affordability

Monthly repayments£1,164
Property: £ 245,000
Deposit: £ 24,500
Interest rate: 4.85%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About JD Gallagher Estate Agents, Lancaster

66 Market Street, Lancaster, LA1 1HP
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Are you thinking of moving?

Hello, Can we help you?

We are John and Michelle Gallagher, owners of the areas leading independent estate agency in the heart of Lancaster.

We've been selling and letting property in Lancaster and Morecambe over 30 years, That makes us one most experienced agencies in the area!

We are ranked by Rightmove and The Property Academy as the BEST estate agent in the UK based on Service, Marketing and Results. The result is what it is all about.

We give you a straight and honest valuation based on data, our extensive knowledge of the local property market and current market conditions, no gimmicks, no fuss! We all also give expertise home staging advice, our aim is to help you get the best possible price for your home.

I'm extremely proud of the team we have here at JDG. They hold the same belief that I do, that people come first.

We focus on you, the customer. We believe that when you get the customer service right, the sales will naturally follow. Of course, there is much more to it than that, as you'll soon discover.

Ask us anything you want. You might be a first-time buyer looking to get onto the property ladder, you might be an investor want some sound investment advice or a safe pair of hands to manage your property portfolio. You might simply need some help in how to achieve the best price for your home.

At JDG we are to here help. You have our word

John and Michelle Gallagher

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Disclaimer - Property reference f720ca61-cb41-44ef-b03b-3e78eb0b4fad. 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 JD Gallagher Estate Agents, 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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