We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom terraced house · LA1 2AJ
Listing removedReduced £15k (−7.1%) on 22 MayListed 602 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Income-Generating HMO Property Near Lancaster City Centre This well-presented investment property is ideally situated just a short walk from Lancaster city centre, offering easy access to all the amenities the area has to offer.
From gyms, pubs, clubs, and shops to a variety of eateries and essential health services, everything is within reach.
Designed for student accommodation, the property is in excellent condition throughout and provides comfortable living spaces.
For the 2025/2026 academic year, the property is let to four tenants, generating an annual gross income of £20,160 over 48 weeks.
Looking ahead, the property is now let for the 2026/2027 academic year to 3 tenants at £100pppw (48 weeks), offering a gross income of £14,400 per annum.
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).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports). Entrance Hallway - Stairs to the first floor, radiator, laminate floor.
Bedroom One - Double-glazed bay window to the front, fireplace, laminate floor, radiator. Lounge/Diner - Double-glazed window to the rear, fireplace, built in cupboards, laminate floor, radiator.
Utility Area - Washing machine and dryer, door to the cellar.
Kitchen - Double-glazed window to the side, range of matching wall and base units with complimentary work surfaces, Range cooker with a six ring gas hob and extractor hood, two electric ovens, stainless steel sink, wood floor, door to the yard.
Cellar - Window, consumer unit, gas meter and storage rooms. First Floor Landing - Double-glazed window to the rear, laminate floor, stairs to the second floor.
Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator, storage recess and hanging space.
Bathroom - Double-glazed window to the rear, vanity unit with inset wash hand basin, bath, shower cubicle with Mira electric shower, heated towel rail, vinyl floor, W.C.
Second Floor Landing - Double-glazed velux window, walk in storage cupboard, access to the loft.
Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator, Bedroom Four - Double-glazed window to the front, fireplace, carpeted floor, radiator.
Rear Yard - Astro turf patio area, gate to access road.
Investment & Useful Information - No Chain Tenure Freehold Council Tax Band ( A) £1505.37 Good Letting History Designed for student or professional accommodation, the property is in excellent condition throughout and provides comfortable living spaces.
For the 2025/2026 academic year, the property is let to one tenant at £120pp/pw, and three other tenants at £100pp/pw, generating an annual gross income of £20,160 over 48 weeks.
Looking ahead, the property is advertised for the 2026/2027 academic year at a full occupancy rate of 4 tenants at £100pppw (48 weeks), offering a potential gross income of £19,200 per annum.
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).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About 29 Lune Street, Lancaster
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