4-bedroom terraced house · LA1 4UX
Sold STCListed 49 days
Opportunity summary
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About
The Location Percy Road places tenants within a two-minute walk of Lancaster city centre, making this a highly practical location for student accommodation.
Shops, cafés, restaurants, nightlife and everyday services are all close by, while regular bus links provide straightforward access to Lancaster University.
The University of Cumbria is also conveniently positioned, broadening the property’s appeal across Lancaster’s student population.
For an investor, this central setting supports consistent tenant demand by offering the convenience students value: An easy walk into the city, access to university transport and plenty of amenities nearby.
It is an established letting location with a proven history of occupancy, making 5 Percy Road a compelling opportunity for buyers seeking an income-producing student investment in Lancaster.
The Property Already let for the 2026/27 academic year and generating a gross annual rental income of £24,000, this four-bedroom Lancaster student property offers an incoming landlord immediate income alongside a letting history spanning approximately 20 years.
Arranged across three floors, the end-terraced property provides well-proportioned accommodation designed around shared student living.
The ground floor opens into a hallway, with the first letting bedroom positioned at the front.
To the rear is a communal lounge and dining room, giving tenants a dedicated space in which to relax, eat and spend time together.
A door leads down to the useful cellar, where the gas and electricity meters are located.
The kitchen is fitted with a range of storage units and includes an electric oven, hob, washing machine and fridge freezer.
A Vaillant combination boiler provides the heating and hot water, while a rear door opens directly onto the outside space.
The first floor includes a further letting bedroom and two bathrooms, both fitted with a bath, WC and washbasin.
Having two bathrooms is a particularly useful feature within a four-person student house, helping the property work comfortably for its occupants.
Two additional letting bedrooms occupy the second floor, both featuring double-glazed roof windows, with one also benefiting from a built-in wardrobe.
Outside is a generous rear yard with a garden area and gated access to the rear road.
Furniture and white goods are included, excluding tenants’ personal belongings, helping provide a straightforward transition for the next landlord.
Material Information Freehold property Council Tax Band B Fully let for the 2026/27 academic year Four tenants paying £125 per week over 48 weeks Gross contracted annual rental income of £24,000 Current landlord’s Gas Safety Certificate and eicr are in place An HMO licence is not currently required; furniture and white goods are included, excluding tenants’ belongings EPC Rating: D Location Percy Road places tenants within a two-minute walk of Lancaster city centre, making this a highly practical location for student accommodation.
Shops, cafés, restaurants, nightlife and everyday services are all close by, while regular bus links provide straightforward access to Lancaster University.
The University of Cumbria is also conveniently positioned, broadening the property’s appeal across Lancaster’s student population.
For an investor, this central setting supports consistent tenant demand by offering the convenience students value: An easy walk into the city, access to university transport and plenty of amenities nearby.
It is an established letting location with a proven history of occupancy, making 5 Percy Road a compelling opportunity for buyers seeking an income-producing student investment in Lancaster.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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