6-bedroom house · LA1 1XF
Listing removedReduced £19 (−14.4%) on 24 JulListed 222 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Spacious 6 bedroom apartment available for the next academic year! *** Nestled in the heart of the town centre, this large apartment is an absolute gem.
It boasts 6 bedrooms, 2 bathrooms, and an additional toilet for optimal convenience.
The highlight of the apartment is undoubtedly the impressive kitchen and open-plan living area, complete with brand new sofas purchased as recently as March 2023.
Located right within the pedestrian city centre, this rental is just a stone's throw away from the University bus stop, as well as numerous shops and amenities such as Tesco, Sainsbury's, and Aldi, all within walking distance.
Moreover, all bills are included in the rent, so you don't have to worry about any additional expenses. Don't hesitate - enquire today to schedule a viewing of this remarkable property.
You can secure this property today for just a £400 refundable deposit! Noposit - Some of our properties offer our Noposit option!
Noposit is a hassle-free alternative to a traditional deposit, providing an opportunity to secure your house for an initial payment of just £30.
Noposit is a non-refundable fee totalling £180 paid over 6 months. Please note that damage to the property is still your responsibility.
Our Noposit students benefit from enhanced contents insurance cover and you will automatically be entered into monthly draws where you can win free rent, vouchers, and more!
Mighty Card - Our Mighty Card will grant you exclusive discounts for local businesses: coffee shops, restaurants, beauty shops etc.
Visit our Mighty Card page on our website for a list of businesses offering exclusive discounts. Contents Insurance - All our student tenants benefit from contents insurance.
Details can be found on the Contents Insurance page on our website.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 69a Penny Street, Lancaster
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