Location

Welcome to Prospect Street, located in the Primrose area of Lancaster, Prospect Street is an excellent choice for students looking for convenience and comfort. Just a short distance from Lancaster city centre, this property offers easy access to local amenities, including shops, cafés, and supermarkets, as well as great transport links to both Lancaster University and the University of Cumbria. With popular student hotspots, bars, and restaurants nearby, it’s an ideal base for those wanting to make the most of university life.

Property Details

This stone-built, three-bedroom student home is set over three floors and provides a practical layout for shared living. The property is gas central heated, with a UPVC double-glazed front door, while retaining original sash-style wooden windows, in keeping with the character of the street.

The ground floor features a spacious lounge, which serves as the main communal area with seating and dining space. The neutral cream décor runs throughout the house. The kitchen is fitted with beech-style units, black worktops, and tiled flooring. It includes a gas cooker, washing machine, and wall-mounted boiler, with a door leading out to the rear yard. A staircase leads to the first floor, where there is a large double bedroom at the front and a four-piece bathroom with a separate bath and shower cubicle.

The second floor has two further double bedrooms, both with study areas, sloped ceilings, and exposed wooden beams. Externally, the property benefits from a rear yard.

Rental Income

Let for the 2024/2025 academic year at a rate of £130.00 per person per week for three tenants over 48 weeks, generating an annual gross income of £18,720.

It is also secured for the 2025/2026 academic year at a rate of £135.00 PPW for three tenants over 48 weeks, with an annual gross income of £19,440.

The sale can include furniture and white goods. The landlord’s gas safety certificate and an Electrical Installation Condition Report (EICR) are in place.

Key Features

• Large four-piece bathroom with separate bath and shower cubicle

• Fully let for the current and 2025/26 academic year

• Well-located for Lancaster’s universities and city centre amenities

• This is a Freehold Property

• UPVC double-glazed 

• Gas-central heated. 

• There is no onward chain