2-bedroom terraced house · LA1 4TA
Under offerListed 108 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This mid terrace house on Franklin Street, currently let as a 3 bed student HMO, would also make a fine 2 bedroom, 2 reception room home.
Double glazed throughout with a fully insulated loft space, the house had an A rated boiler installed in 2021 with a 10 year warranty.
The slate roof and lead work were completely renewed in October 2022. The ground floor front room is a bedroom at the moment but would easily revert to a large sunny living room or office space.
The second reception room with a roomy under-stair cupboard leads into the modern fitted kitchen. Upstairs are two good-sized bedrooms and a spacious bathroom.
The external wall of this bathroom is also insulated with 75mm kingspan to keep this room warm and cozy.
There's a large airing cupboard which houses the 2021 combi boiler and a large landing cupboard, so plenty of storage space here.
Outside is the sunny rear yard has a brick shed for more storage and is also fully plumbed and wired for a washing machine and tumble dryer.
The house is bang up to date with all of its gas and electrical certification.
Situated in an ideal location, this property is conveniently close to transport links and local schools, making it perfect for families and commuters alike.
With its blend of modern amenities and traditional charm, this terraced house on Franklin Street is a wonderful place to call home.
Don't miss the chance to view this delightful property and envision your future in Lancaster.
*To comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, when an offer is accepted, all legal purchasers will be required to complete an anti-money laundering and ID check.
Our partner, Thirdfort, will carry out the initial checks on our behalf. The individual cost is £75 inclusive of VAT and will be charged before the offer can be officially accepted.
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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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 Franklin Street, Lancaster
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