Summary - 4 ASHFIELD AVENUE LANCASTER LA1 5EB
7 bed 2 bath End of Terrace
Turnkey HMO investment near Lancaster station with proven £42k gross income..
- Licensed seven-bedroom HMO with valid safety certificates
- Annual gross income historically £42,000 (7 x £125pppw x 48 weeks)
- Two kitchens, two bathrooms, large lounge/diner
- Sold with most furniture and white goods included
- Small paved yard only; limited outdoor space
- New owner must apply for HMO licence on completion
- Original stone walls likely uninsulated — possible upgrade costs
- Chain free and within walking distance of station and city centre
A licensed, income-producing seven-bedroom HMO close to Lancaster city centre and the railway station. The Victorian stone facade and sash windows give character while double glazing and a gas combi boiler provide modern comfort. The house has a strong letting history and is sold chain-free with most furniture and white goods included.
Currently let as student accommodation, the property achieved 7 x £125 ppw over a 48-week academic year, giving a gross annual income of £42,000. Layout benefits include two kitchens, a large lounge/diner, two bathrooms and flexible room sizes across three floors — well suited to continuing as an HMO or adapting for other multiple-occupancy uses.
Practical points to note: a new owner must apply for their own HMO licence on completion. The plot is small with a modest paved yard rather than a full garden. Walls are original sandstone/limestone and assumed to lack insulation; buyers should allow for potential thermal upgrade costs if required. Gas safety certificates and a current EICR are in place at sale.
This property is aimed at investors seeking immediate rental income or landlords wanting a turn-key HMO in a convenient, low-crime, well-connected city location. It offers strong occupancy potential but carries typical maintenance and licensing responsibilities for multi-occupancy homes.
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