STUDENT HMO PROPERTY - Cavendish Street, Lancaster
By Mighty House
£ 190,000
Reviews
3 out of 5 stars
Mighty House says ..
***INCOME PRODUCING INVESTMENT PROPERTY*** ***LET FOR 2022/2023 ACADEMIC YEAR*** ***STUDENT HMO*** ***SUCESSFUL LETTING HISTORY*** Opportunities such as these are so much harder to create with article 4 regulation in Lancaster, so capitalise now before prices increase further. ...
Property Oracle says ..
This property is a 3-bedroom student HMO located on Cavendish Street in Lancaster. The property benefits from being close to Lancaster Train Station (0.95km) and several schools including Appletree Nursery School (Outstanding Ofsted rating, 0.08km) and Willow Lane Community Primary School (Good Ofsted rating, 0.18km). While the property itself is in a reasonable condition, it appears to be in need of some modernisation. The small rear yard is a practical addition, though not extensive. Considering the average house price in the area is significantly higher (£407,139) and the average price per sqft is £358, the list price of £190,000 for this property seems relatively reasonable, especially given its proximity to amenities and educational institutions. However, the lack of information regarding the property’s specifics in the listing makes a complete assessment difficult.
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
- 3
- Bathrooms
- 1
- Sqft (est)
- 997.81
- Lot (est)
- 996.74
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
- 419,000.00 £Increased by 9.74 %
- Est sale value
- 414,091.15 £Increased by 2.22 %
- Average area rental value
- 1,467.00 £/moDecreased by 6.50 %
- Est letting value
- 997.81 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.20 %Decreased by 14.81 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Mighty House created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Appletree Children'S Centre | Children's Centre | 0.03 KM | |
| Appletree Nursery School | Local Authority Nursery School | Outstanding | 0.08 KM |
| Willow Lane Community Primary School | Community School | Good | 0.18 KM |
| Lancaster Steiner School | Other Independent School | Requires improvement | 0.51 KM |
| The Loyne Specialist School | Community Special School | Outstanding | 1.29 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ays-garth Road | £ 0 | 0 | 0.00 KM |
| Rowan Place | £ 119,950 | 0 | 0.00 KM |
| Cleveland Drive | £ 0 | 0 | 0.00 KM |
| Kennedy Close | £ 0 | 0 | 0.00 KM |
| Fairfield Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lancaster | 2685 | LAN | 0.95 KM |
| Bare Lane | 2690 | BAR | 3.69 KM |
| Morecambe | 2695 | MCM | 6.42 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| STUDENT HMO PROPERTY - Cavendish Street, Lancaster | £ 190,000 | BUY | 6 / 10 | 0.00 KM |
| Cavendish Street, Lancaster | £ 185,000 | BUY | 6 / 10 | 0.01 KM |
| Aysgarth Road, Lancaster | Chain Free! | £ 200,000 | BUY | 6 / 10 | 0.05 KM |
| Cavendish Street, Lancaster | £ 199,950 | BUY | 6 / 10 | 0.09 KM |
| Cavendish Street, Lancaster | Generous living inside and out! | £ 240,000 | BUY | 7 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 8 Milking Stile Lane | £ 166,000 | 0.04 KM |
| 4 Milking Stile Lane | £ 142,500 | 0.04 KM |
| 1 Milking Stile Lane | £ 123,000 | 0.04 KM |
| 24 Milking Stile Lane | £ 240,000 | 0.04 KM |
| 6 Milking Stile Lane | £ 219,000 | 0.04 KM |