Lindow Street, Lancaster
MI

Lindow Street, Lancaster

By Mighty House

£ 435,000

Reviews

3 out of 5 stars

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 %
from 295,097.00 £
Est sale value
594,640.20 £
Increased by 23.65 %
from 480,911.20 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
1,624.70 £/mo
Unchanged by 0.00 %
from 1,624.70 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Mighty House created the listing.

Nearby Schools

NameTypeOfstedDistance
Lancaster Girls' Grammar SchoolAcademy Converter0.14 KM
Lancaster Dallas Road Community Primary SchoolCommunity SchoolGood0.23 KM
Ripley St Thomas Church Of England AcademyAcademy ConverterOutstanding0.69 KM
The Cathedral Catholic Primary School, LancasterVoluntary Aided SchoolGood1.03 KM
Our Lady'S Catholic CollegeVoluntary Aided SchoolRequires improvement1.07 KM

Images

Bedroom One Hallway Lounge Kitchen/Diner Kitchen/Diner Kitchen/Diner Cellar Shower Room (1) Shower Room (2) Shower Room (2) En-Suite Shower Room Bedroom Three Bedroom Five First Floor Landing Bedroom Four Bedroom Six Yard

Nearby Streets

NameAverage PriceAverage SqftDistance
Back Queen Street £ 000.00 KM
High Street £ 000.00 KM
Portland Place £ 000.00 KM
Regent Street £ 402,00000.00 KM
Russell Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lancaster2685LAN0.70 KM
Bare Lane2690BAR4.90 KM
Morecambe2695MCM7.93 KM
Carnforth2640CNF9.98 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lindow Street, Lancaster £ 435,000BUY6 / 100.00 KM
Queen Street, Lancaster £ 159,950BUY5 / 100.03 KM
Lindow Street, Lancaster LA1 / Delightful family home close to City Centre & Railway links £ 400,000BUY6 / 100.05 KM
Lindow Square, Lancaster | Elegant Four-Bedroom Period Home on Historic Lindow Square! £ 365,000BUY7 / 100.10 KM
Henry Street, Lancaster, LA1 £ 160,000BUY5 / 100.14 KM

Nearby Properties

AddressPriceDistance
Lindow Cottage £ 540,0000.04 KM
8 Lindow Street £ 237,0000.04 KM
4 Lindow Street £ 330,0000.04 KM
9 Queen Street £ 300,0000.06 KM
22 Queen Street £ 340,0000.07 KM