Summary - 6, Blades Street, LANCASTER LA1 1TT
1 bed 1 bath Commercial Property
8 lettable bedrooms producing £46,080 pa gross income
A substantial freehold mid-terrace HMO in the heart of Lancaster, offered with an active HMO licence and current gas safety and EICR certificates. Arranged over multiple floors, the property provides eight lettable bedrooms, communal living spaces and a paved rear yard with off-street parking — all within easy walking distance of the city centre and mainline station.
Let to the 2025/26 academic year at 8 x £120ppw (48 weeks), the property produces a gross income of £46,080 (approx. 11.5% gross yield at the asking price). It is sold furnished (excludes tenants’ personal items), making this a turn-key student investment suitable for landlords seeking immediate rental income or buyers considering a portfolio purchase alongside three similar units.
The building retains period character externally and benefits from double glazing and mains gas central heating. Practical features include a basement for storage, multiple WC/bathroom facilities for HMO compliance, and documented safety certificates. The attic rooms are bright but compact; several bedrooms are larger and well-lit.
Buyers should note practical drawbacks: the property dates from before 1900 and external walls are likely uninsulated, so energy efficiency is moderate (EPC D). Some rooms have low/sloping ceilings and the layout is typical of older HMOs, which may require ongoing maintenance or selective refurbishment over time. A new owner must reapply for an HMO licence post-completion.
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