27-bedroom house · LA1 3AN
For saleReduced £500k (−20%) on 24 JulListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pointer House is a well-known student accommodation building right on the edge of Lancaster city centre, at 2 Bowerham Road — effectively where the city centre blends into Bowerham and the university quarter.
It sits opposite the University of Cumbria campus and only a short walk from the main shopping streets, the train station and the hospital.
The property has been under the same ownership since 2004 and has always enjoyed higher than average occupancy rates, thanks in no small part to the standard of maintenance that has always been adhered to throughout their time.
Location also has always been at the forefront of appeal with transport links to the University of Lancaster and the University of Cumbria being just a short walk away.
Lancaster City Centre is just a short stroll down South Road and there you can find a strong retail presence as well as Train and Bus links.
27 Bedrooms are available all with en-suite facilities split between the main building and separate annex space. There are also four living rooms for shared cooking and socialising.
To the front of the property is a well equipped office space, however there is currently a managing agent engaged therefore if the new owner wishes a more hands off approach, introductions can be made.
Externally is equally impressive with an abundance of allocated parking spaces and cycle storage.
Mature trees mark the boundary with an added element of privacy and a calming environment for residents to enjoy all within immediate access of Lancaster’s rich and vibrant community and activities.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
Agent & docs
FAQ
About Pointer House, Pointer House, Bowerham Road, Lancaster
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