Mighty House says ..
***INCOME PRODUCING HMO STUDENT PROPERTY*** ***6 LETTINGS BEDROOMS *** 2 SHOWER ROOMS** ONE EN-SUITE SHOWER ROOM*** HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY *** IMMACULATE THROUGHOUT ** Imposing Income-Producing Student Property in the Heart of Lancaster City Centre
Property Oracle says ..
This six-bedroom, three-bathroom property located on Lindow Street in Lancaster’s Castle area presents a mixed bag of features. The property’s strong point is its location. Its proximity to Lancaster train station, several well-regarded schools, and the city centre makes it highly attractive, particularly to families or students. The interior appears largely refurbished, with modernised kitchens and bathrooms. However, the exterior suggests the property has some age, needing some external maintenance. Images of the basement reveal it needs some work. The small, walled rear yard provides limited outdoor space. The price of £435,000 may be at the higher end of the market for similar properties in the area, though its potential as a student HMO could be factored in. The property is listed as an income-producing HMO, which may significantly influence its value, making a direct price-per-square-foot comparison to other residential properties difficult. Buyers should carefully consider the total cost of ownership and potential rental income if considering this investment. Further inspection is needed to fully assess the property’s condition and overall value. Lack of plot size information is a significant drawback, preventing a more precise analysis of value.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 8
- Land
- 3
- Bedrooms
- 6
- Bathrooms
- 3
- Sqft (est)
- 1,624.70
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 273,747.00 £Decreased by 7.23 %
- Est sale value
- 594,640.20 £Increased by 23.65 %
- Average area rental value
- 1,032.00 £/moDecreased by 0.77 %
- Est letting value
- 1,624.70 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.52 %Increased by 6.86 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Mighty House created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Lancaster Girls' Grammar School | Academy Converter | 0.14 KM | |
| Lancaster Dallas Road Community Primary School | Community School | Good | 0.23 KM |
| Ripley St Thomas Church Of England Academy | Academy Converter | Outstanding | 0.69 KM |
| The Cathedral Catholic Primary School, Lancaster | Voluntary Aided School | Good | 1.03 KM |
| Our Lady'S Catholic College | Voluntary Aided School | Requires improvement | 1.07 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Back Queen Street | £ 0 | 0 | 0.00 KM |
| High Street | £ 0 | 0 | 0.00 KM |
| Portland Place | £ 0 | 0 | 0.00 KM |
| Regent Street | £ 402,000 | 0 | 0.00 KM |
| Russell Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lancaster | 2685 | LAN | 0.70 KM |
| Bare Lane | 2690 | BAR | 4.90 KM |
| Morecambe | 2695 | MCM | 7.93 KM |
| Carnforth | 2640 | CNF | 9.98 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lindow Street, Lancaster | £ 435,000 | BUY | 6 / 10 | 0.00 KM |
| Queen Street, Lancaster | £ 159,950 | BUY | 5 / 10 | 0.03 KM |
| Lindow Street, Lancaster LA1 / Delightful family home close to City Centre & Railway links | £ 400,000 | BUY | 6 / 10 | 0.05 KM |
| Lindow Square, Lancaster | Elegant Four-Bedroom Period Home on Historic Lindow Square! | £ 365,000 | BUY | 7 / 10 | 0.10 KM |
| Henry Street, Lancaster, LA1 | £ 160,000 | BUY | 5 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Lindow Cottage | £ 540,000 | 0.04 KM |
| 8 Lindow Street | £ 237,000 | 0.04 KM |
| 4 Lindow Street | £ 330,000 | 0.04 KM |
| 9 Queen Street | £ 300,000 | 0.06 KM |
| 22 Queen Street | £ 340,000 | 0.07 KM |