Book a Viewing
To book a viewing for this property, please call JDG Estate Agents, on 01524 843322.
To book a viewing for this property, please call JDG Estate Agents, on 01524 843322.
4 Bedroom Terraced House, Hope Street, Lancaster, LA1
Hope Street, Lancaster, LA1
JDG Estate Agents
66 Market Street, Lancaster
Description
The Location
Hope Street places this student investment property within easy reach of Lancaster city centre and the University of Cumbria, making it well positioned for consistent tenant demand. Everyday essentials, cafés, takeaways and city-centre shopping are all readily accessible, while Lancaster’s bus and railway stations provide useful connections across the district and beyond. The Royal Lancaster Infirmary is also nearby, broadening the property’s appeal to healthcare workers and other professional tenants. For students, the location offers straightforward access to university facilities, Lancaster’s nightlife and regular bus services towards Lancaster University. It is a practical setting where tenants can enjoy the independence of city living without needing to rely on a car.
The Property
An established Lancaster student investment with tenants secured for the 2026/27 academic year, 21 Hope Street combines immediate rental income with a proven letting history. The property is let to three students at £129 per person, per week, over 48 weeks, generating a gross annual income of £18,576. Based on the asking price of £195,000, this represents an approximate gross yield of 9.5%.
The ground floor begins with an entrance vestibule opening into the hallway. Bedroom one is positioned at the front, while the lounge and dining room sits towards the rear, providing tenants with a shared space in which to relax, eat and spend time together. The adjoining kitchen is fitted with a range of storage units, an electric oven, gas hob, extractor and refrigeration. A useful cellar provides additional storage space and houses the gas and electricity meters.
On the first floor are a further bedroom and the bathroom, which includes a bath with thermostatic shower, wash basin, WC and washing machine. The accommodation continues to the second floor, where two additional rooms provide further flexibility; one is currently used as an office and storage room.
Outside, the enclosed rear yard includes a patio area and gated access to the rear road. Furniture and white goods are included, excluding tenants’ personal belongings, helping make this a straightforward addition to an existing Lancaster property portfolio.
Useful Information
Freehold property
Council Tax Band A
Let to three students for the 2026/27 academic year
Rental income of £18,576 per annum: 3 × £129 per week over 48 weeks
Approximate gross yield of 9.5%, based on the £195,000 asking price
Current landlord’s Gas Safety Certificate and EICR are in place
Furniture and white goods included, excluding tenants’ personal belongings
EPC Rating: D
Key Features
- Income-producing Lancaster student investment
- Tenants secured for the 2026/27 academic year
- Proven letting history in an established rental area
- Four-bedroom accommodation arranged over three floors
- Shared lounge and dining space for everyday student life
- Furniture and white goods included in the sale
- Within easy reach of the University of Cumbria and city centre
- Approximate gross yield of 9.5% at the asking price
Property Details
- Property type: House
- Property style: Terraced
- Price Per Sq Foot: £183
- Approx Sq Feet: 1,066 sqft
- Plot Sq Feet: 603 sqft
- Property Age Bracket: Victorian (1830 - 1901)
- Council Tax Band: A
Floorplans
Location
Hope Street places this student investment property within easy reach of Lancaster city centre and the University of Cumbria, making it well positioned for consistent tenant demand. Everyday essentials, cafés, takeaways and city-centre shopping are all readily accessible, while Lancaster’s bus and railway stations provide useful connections across the district and beyond. The Royal Lancaster Infirmary is also nearby, broadening the property’s appeal to healthcare workers and other professional tenants. For students, the location offers straightforward access to university facilities, Lancaster’s nightlife and regular bus services towards Lancaster University. It is a practical setting where tenants can enjoy the independence of city living without needing to rely on a car.
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