Summary - 6 BLADES STREET LANCASTER LA1 1TT
8 bed 2 bath Terraced
Ready-made student HMO with immediate income and city-centre location.
Licensed eight-bedroom student HMO with strong letting history
A ready-made, income-producing licensed student HMO in the heart of Lancaster city centre. This eight-bedroom, freehold mid-terrace delivers proven rental performance and sits within easy walking distance of university amenities, shops and transport links — a straightforward acquisition for a buy-to-let investor seeking immediate cashflow.
The house is fully furnished with white goods included and currently let for the 2024/25 and 2025/26 academic years, giving clear short-term income visibility. The layout includes a lower basement, communal kitchen/diner, two bathrooms plus three WCs, and a yard with potential for off-street parking. Key safety paperwork — gas safety certificates and a recent EICR — are in place.
Note the property is an older Victorian mid-terrace (pre-1900) with sandstone or limestone walls and assumed lack of cavity insulation; energy upgrades may be needed to improve efficiency. Although the property currently holds a valid HMO licence, a new owner must apply for their own licence on completion. The plot is small and internal space is arranged for high-occupancy student use rather than family living.
Priced at £400,000 and offered chain-free, this asset suits investors looking for a city-centre student let with established lettings history. Buyers should factor routine HMO management, potential energy/insulation works, and standard wear and tear from high occupancy into running costs and refurbishment planning.
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