Studio flat · LA2 0PR
Listing removedListed 80 daysAuction 18 Aug · ended
Opportunity summary
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About
Strapline Auction Sale - 18/08/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A modern studio apartment forming part of a student specific accommodation block. Investment let at £8,160 p.a.
On a 51 week contract for 2025/26 academic year Description A modern studio apartment forming part of a student specific accommodation development close to the University of Lancaster and Cumbria.The studio is finished to a modern standard with a fitted kitchen and integrated appliances, bedroom/living area and en-suite shower room.Within Silk Mill there is also a reception area, a communal area to socialise, bike store, gym, games room, cinema room and laundry.
Transport Lancaster Railway Station 2.8 Miles Bus Stop towards Lancaster University 0.2 Miles Tenancy Let to a private individual let on a 51 week contract for the 2025/26 academic year Investment let at £8,160 p.a.
Accommodation Studio Double Bedroom Kitchen facilities En-suite Shower room An approx. 376sq ft
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 19 Galgate Mill, Galgate
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