Modern Method of Auction
Auction date not yet published
Studio flat · LA2 0PR
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Looking to start or add to your portfolio?
Galgate Silk Mill is a refurbished Grade ll listed building, providing ideal student living, situated approximately 1/2 mile from Lancaster University Campus.
The campus provides a wide range of amenities and would be considered ample for most.
This modern studio apartment is renovated to a good standard and briefly comprises of; Well presented fitted kitchen which boasts of integrated appliances, bedroom/living space and a three-piece shower room suite in white.
The accommodation also benefits from communal facilities on offer, these include; reception area, communal space, gym, games room, cinema room and on-site bike store and laundry room.
The location is in a sought-after area of Galgate with easy access to Lancaster University and City Centre, bus services are available providing alternative transport to Lancaster Railway Station (2.8miles) & University (0.2 miles).
We highly recommend an internal viewing to appreciate the size and standard of the property.
Tenure: Leasehold, Leasehold Details Service Charge- £3477 Per Annum Ground Rent- £350 Per Annum Leasehold Terms- 150 years from 01.01.2020
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 Galgate Silk Mill, Galgate, LA2 0PR
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