Chapel Street, Galgate, LA2

The Location

Chapel Street sits in the heart of Galgate, a well-connected village with enduring appeal among students, university staff and professionals. Lancaster University is around a 15-minute walk or seven-minute cycle away, placing the campus within easy reach and supporting consistent demand from student tenants. Local amenities serve everyday needs, while nearby bus services provide regular connections into Lancaster city centre. Access to the M6 at Junction 33 is also convenient for travel towards Preston and the wider region. For an investor, the location offers a compelling combination: proximity to a major university, practical transport links and a village setting where tenants can enjoy both convenience and access to the surrounding countryside.

The Property

A proven student investment generating a stated annual gross income of £18,144, this three-bedroom semi-detached property combines a strong university location with well-planned accommodation, an enclosed garden, off-street parking and a detached landlord’s store.

The ground floor opens into a comfortable shared lounge, giving tenants a dedicated place to relax away from their bedrooms. To the rear, the spacious kitchen diner provides plenty of room for cooking, dining and day-to-day communal living. It is fitted with a range of storage units, an electric oven and hob, space for a washing machine and a wall-mounted Vaillant combination boiler. Sliding patio doors open directly onto the garden, while a separate ground-floor cloakroom adds further practicality.

Upstairs are three letting bedrooms, all with double-glazed windows and radiators. Two bedrooms also benefit from built-in storage. The bathroom includes a panelled bath with shower, wash basin, WC and vanity storage.

The enclosed rear garden offers both lawn and patio areas, giving tenants useful outside space without creating an overly demanding plot. A storage shed, gated access to the parking area and a detached garage provide valuable additional storage for the landlord. The property is sold with its furniture and white goods, excluding tenants’ personal belongings.

The supplied rental information records three tenants paying £126 per person per week, including bills, across 48 weeks. This produces a stated gross annual income of £18,144 and an approximate gross yield of 8.25% based on the advertised price of £220,000, before bills, management fees and other operating costs.

Material Information

• Freehold property

• Council Tax Band C

• Gas central heating with a Vaillant combination boiler

• Double glazing installed

• Electrical Installation Condition Report and landlord’s gas safety certificate stated as being in place

• Furniture and white goods included, excluding tenants’ personal belongings

• Stated annual gross income of £18,144, based on three tenants paying £126 per person per week including bills for 48 weeks; tenancy details, compliance documents and current income should be confirmed before purchase

Garden

Garden and patio

Parking - Garage

Garage with parking in front