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See how verdicts workStudio flat · LA2 0PR
For saleListed 7 days
Opportunity summary
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About
Auction Commencing on Monday 19th November from 1pm and ending 24 hours later on Tuesday 20th November from 11am with Auction House South Yorkshire Please register to bid via our website - auctionhouse.co.uk/southyorkshire Stylish 2nd floor Studio Apartment in Silk Mill Lancaster, LA2 – An excellent opportunity to purchase this well presented one bedroom apartment, situated within Silk Mill in the popular village of Galgate.
Close to Lancaster University and convenient motorway links, the property is well suited to investors seeking an established rental opportunity.
The studio room features an open plan living and sleeping area, a fitted kitchen and an en-suite shower room.
The studio is furnished with a double bed, study desk, TV and wardrobe, providing practical and comfortable living accommodation.
The property benefits from excellent communal facilities, including a fantastic games room, gymnasium, cinema room, laundry room and secure bike storage.
Current rental income: £7,450 per annum (Tenanted until Nov 2026) Service charge: £3,717.92 per annum (paid to end Dec 2026) Ground rent: £350 per annum (paid to end Dec 2026) Letting fees: £1,072.80 Lease remaining: 146 years Please note that these images where taken prior to the tenant moving in.
A well-presented apartment in a convenient location, offering an excellent opportunity for investors looking to add to their property portfolio.
Tenure: Leasehold Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 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.
Area
Agent & docs
FAQ
About Unit 43, Galgate Silk Mill, Chapel Lane, Galgate, Lancashire LA2 0PR
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