1/18
£165,000
Terraced · 3 beds · 1 bath · 879 sq ft
Prospect Street, Lancaster, LA1
0.06 miles away
Freehold
1/10
1/10
4 bed house for sale Hope Street, Lancaster, LA1
Asking price
£195,000
Added yesterday
Added yesterday
- Type
- Terraced
- Bedrooms
- 4
- Bathrooms
- 1
- Tenure
- Ask agent
Council tax Band A £1,669 a year
Key features
- Income-producing Lancaster student investment
- Tenants secured for the 2026/27 academic year
- Proven letting history in an established rental area
- Four-bedroom accommodation arranged over three floors
- Shared lounge and dining space for everyday student life
- Furniture and white goods included in the sale
- Within easy reach of the University of Cumbria and city centre
- Approximate gross yield of 9.5% at the asking price
About this property
Earn from day one with this proven Lancaster student investment. Let for 2026/27, it generates £18,576 annually with an approximate 9.5% gross yield, four bedrooms and a sought-after city location.
Floorplan
Council tax
Band A £1,669 a year
Per year
- Band AThis home: £1,669
- Band B£1,947
- Band C£2,225
- Band D£2,503
- Band E£3,059
- Band F£3,616
- Band G£4,172
- Band H£5,006
This home is in band A, which costs £1,669 a year in Lancaster for 2026/27.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Lancaster, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.
Price guide
51 comparables · within 2.9 milesCheaper than 96% of the 4-bed houses for sale nearby right now.
This home, £195,000 Median £375,000 · £235,000 – £550,000
Compared with 51 4-bed houses for sale within 2.9 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.
Location
Hope Street, Lancaster, LA1
Mortgage and stamp duty
Property price £195,000
£97k £293k
Deposit10% £20,000
£0 £195k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £175,000 mortgage. Most lenders would want a household income of about £39,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 50, Hope Street Terraced | Terraced | May 2025 | 1,292 sq ft £163/sq ft | 1,292 sq ft | £163 | £210,000 |
| 16, Hope Street Terraced | Terraced | Jan 2025 | 1,302 sq ft £169/sq ft | 1,302 sq ft | £169 | £220,000 |
| 1, Hope Street Terraced | Terraced | Jun 2022 | 980 sq ft £172/sq ft | 980 sq ft | £172 | £168,000 |
| 35, Hope Street Terraced | Terraced | Nov 2018 | 861 sq ft £165/sq ft | 861 sq ft | £165 | £142,500 |
| 17, Hope Street Terraced | Terraced | Oct 2018 | 990 sq ft £140/sq ft | 990 sq ft | £140 | £139,000 |
| 32, Hope Street Terraced | Terraced | Aug 2018 | 1,152 sq ft £143/sq ft | 1,152 sq ft | £143 | £165,000 |
| 37, Hope Street Terraced | Terraced | Dec 2017 | 1,141 sq ft £118/sq ft | 1,141 sq ft | £118 | £135,000 |
| 52, Hope Street Terraced | Terraced | Aug 2017 | n/a | n/a | n/a | £120,000 |
Area insights
The neighbourhood around this property.
