Summary - 43 ST OSWALD STREET LANCASTER LA1 3AS
4 bed 2 bath Terraced
Chain-free, fully let four-bedroom HMO with immediate rental income and strong letting history..
Fully let for 2024/25 and 2025/26 academic years
A straightforward, income-producing four-bedroom mid-terraced HMO in central Lancaster, offered chain-free and fully let for the 2024/25 and 2025/26 academic years. The property produces a confirmed annual gross income of £23,760 from four student lets (three rooms at £120pw; one en-suite at £135pw on 48-week contracts), so it delivers immediate cashflow for an investor seeking low-vacancy student accommodation.
The house retains Victorian character externally with bay windows and period features inside, arranged over four floors including useful cellar rooms. Furniture and white goods are included in the sale (tenant personal items excluded), and up-to-date compliance paperwork is in place: Landlord’s Gas Safety Certificate and EICR. Its central location places it within easy walking distance of the city centre and on Lancaster University bus routes, supporting consistent demand from students and professionals.
Buyers should note this is a character property needing some updating. Windows are secondary glazed and the original sandstone/limestone walls are assumed to have no cavity insulation, so heating efficiency may be limited. Decoration and some internal fixtures are dated; the narrow Victorian hallway and multi-storey layout may not suit all tenants. The rear yard is small and the plot modest, so external space is limited.
Overall this is a practical, proven student investment: predictable rental income, minimal void risk and immediate occupancy, balanced against typical maintenance and modernisation work expected with an early-20th-century terraced property.
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