Mighty House says ..
***INCOME PRODUCING HMO STUDENT PROPERTY*** ***4 LETTING BEDROOMS *** 1 BATH*** 1 EN-SUITE SHOWER ROOM ***CLOSE TO THE CITY CENTRE *** GOOD LETTING HISTORY *** Character income-producing property situated close to the city centre with all of the amenities Lancaster has to offer inclu...
Property Oracle says ..
This four-bedroom, two-bathroom property located on St. Oswald Street in Lancaster, LA1 3AS, is listed for £270,000. The property is described as an income-producing HMO student property, indicating a potential for rental income. The property benefits from its proximity to the city centre and good transport links. Several highly-rated primary and secondary schools are also within walking distance, making it attractive to families. The photographs show the property as habitable, although it could benefit from some cosmetic updates. The hallway shows some visible wear and tear and some areas show signs of needing repair or repainting, although, generally, the property is in decent condition and looks well-maintained. Importantly, the lack of plot size information indicates that there is likely very little outdoor space. Overall, this property presents a solid investment opportunity or family home. Prospective buyers should weigh the potential rental income against the potential costs of minor improvements. A thorough survey should also be conducted before completing the purchase to assess the structural condition and any potential hidden issues.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 1,288.87
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
- 216,667.00 £Increased by 6.72 %
- Est sale value
- 377,638.91 £Increased by 19.59 %
- Average area rental value
- 634.00 £/moIncreased by 11.82 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 3.51 %Increased by 4.78 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Mighty House created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bowerham Primary & Nursery School | Community School | Good | 0.19 KM |
| The Cathedral Catholic Primary School, Lancaster | Voluntary Aided School | Good | 0.55 KM |
| Lancaster Royal Grammar School | Academy Converter | 0.57 KM | |
| St Bernadette'S Catholic Primary School, Lancaster | Voluntary Aided School | Outstanding | 1.16 KM |
| Lancaster Christ Church Church Of England Primary School | Voluntary Aided School | Good | 1.17 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Grove | £ 0 | 0 | 0.00 KM |
| Park Avenue | £ 0 | 0 | 0.00 KM |
| Montbegon | £ 0 | 0 | 0.00 KM |
| Alma Road | £ 0 | 0 | 0.00 KM |
| East Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lancaster | 2685 | LAN | 1.96 KM |
| Bare Lane | 2690 | BAR | 6.08 KM |
| Morecambe | 2695 | MCM | 9.21 KM |
| Carnforth | 2640 | CNF | 9.98 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| St. Oswald Street, Lancaster | £ 270,000 | BUY | 5 / 10 | 0.00 KM |
| Westham Street, Lancaster | £ 129,950 | BUY | Unknown | 0.02 KM |
| Westham Street, Lancaster | £ 145,000 | BUY | 5 / 10 | 0.02 KM |
| Westham Street, Primrose, Lancaster, LA1 | £ 140,000 | BUY | 5 / 10 | 0.02 KM |
| Westham Street, Lancaster, LA1 | £ 140,000 | BUY | 5 / 10 | 0.02 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 72 Westham Street | £ 140,000 | 0.02 KM |
| 74 Westham Street | £ 127,000 | 0.02 KM |
| 40 Westham Street | £ 73,000 | 0.02 KM |
| 60 Westham Street | £ 94,000 | 0.02 KM |
| 82 Westham Street | £ 118,000 | 0.02 KM |