£400,000
6 bed terraced house for saleGolgotha Road, Lancaster LA1
6 beds
2 baths
1 reception
EPC Rating: D
Just added
About this property
Substantial 6-bedroom end-terraced student HMO
Prime Bowerham location, ideal for Lancaster student market
Generating £40,500 annual rental income
Attractive 10% yield with scope to increase
Fully let with strong history of full occupancy
Six spacious double bedrooms with desks and private sink units
Spacious communal lounge and two kitchen areas
Two modern shower rooms across three floors
Private outdoor space with seating area
Substantial off-road parking and secure cycle storage
An outstanding investment opportunity in one of Lancaster’s most desirable student locations, this substantial six-bedroom end-terraced HMO on Golgotha Road offers an exceptional blend of strong rental returns, high-quality accommodation, and long-term tenant appeal. Currently delivering a superb 10% yield and generating an annual income in excess of £40,000, this is a rare chance to acquire a high-performing, fully established investment in the heart of Lancaster.
Extensively upgraded by the current owners, the property has been professionally configured to provide six generous double bedrooms, each benefiting from fitted study desks and private sink units, making it ideally suited for modern student living. Spacious communal areas, private outdoor space, and substantial off-road parking further enhance what is already a standout investment opportunity in a consistently high-demand rental area.
The property is entered via the main hallway, creating an inviting first impression with practical storage space and access to the principal ground floor accommodation.
To the front elevation is Bedroom One, a spacious double bedroom featuring a large bay window allowing plenty of natural light. As with all six bedrooms in the property, this room benefits from fitted furnishings including a study desk and private sink unit, creating a practical and desirable student living space.
Also accessed from the hallway is the generous communal lounge, offering an excellent social space for tenants with ample room for both relaxing and dining.
To the rear, the main kitchen is well appointed with a range of fitted wall and base units, ample worktop space, integrated cooking facilities, and dedicated fridge and freezer storage, providing a practical and functional hub for shared living.
Stairs from the hallway lead to the first floor, while additional access from the kitchen leads down to the basement level.
The first floor offers three further well-proportioned double bedrooms, all thoughtfully arranged to maximise comfort and practicality for student tenants.
Bedroom Two is a bright and comfortable double room with fitted furnishings, including a dedicated study desk and private sink unit.
Bedroom Three is a spacious double bedroom offering excellent proportions and natural light, complete with fitted furnishings including a study desk and private sink unit.
Bedroom Four is another generous double room positioned to the front of the property, offering ample natural light along with fitted furnishings, a study desk, and private sink unit.
Also on this level is a spacious shared bathroom, fitted with modern fixtures and designed to comfortably serve the upper floor accommodation.
The basement has been exceptionally well converted, creating versatile additional accommodation and facilities that significantly enhance the overall functionality of the property.
This level comprises Bedroom Five and Bedroom Six, both generous double bedrooms with fitted furnishings, dedicated desk space, sink units, and natural light.
A modern shower room serves this floor, finished to a high standard with contemporary fittings. There is also a secondary kitchen/utility area, providing additional cooking, laundry, and storage facilities. This practical space adds further convenience for tenants and increases the overall efficiency of shared living.
The basement layout offers excellent flexibility and could suit a variety of future configurations, subject to any required permissions.
Externally, the property benefits from valuable private outdoor space, an increasingly rare feature for student HMOs in this highly sought-after location. This additional outdoor area provides practical space for tenants and further enhances the overall appeal of the property.
To the side, a substantial off-road parking area offers ample space for multiple vehicles, a significant advantage for both tenants and visitors. The combination of outdoor space and generous parking adds further value to an already impressive investment opportunity, setting this property apart from many comparable student rental properties in the area.
Agent Notes
Investment Summary
Professionally converted six-bedroom HMO arranged over three floors.
Owned and meticulously maintained by the current vendors for the past nine years.
Currently generating a gross annual rental income of £40,500, producing an attractive yield of approximately 10%.
Approximate annual running costs, including gas, electricity, water, broadband, and TV licence, total around £3,500, resulting in a strong net return.
Rental income for the 2027–2028 academic year is forecast to increase to approximately £43,000–£44,000.
The current student group has already signed for the upcoming academic year, demonstrating the property’s continued strong demand and consistent occupancy.
Tenant Demand & Accreditation
Accredited by Lancaster University Homes.
Historically achieves full occupancy with minimal to zero void periods.
Highly desirable student property, with strong annual demand and multiple applicant groups typically registering interest each year.
Property Specification
Configured to allow the lower ground floor to operate as a self-contained section if required, comprising two bedrooms, kitchen facilities, and shower room.
All six bedrooms include double beds, fitted wardrobes, fitted desks, shelving, usb charging points, and private sink/vanity areas.
Two modern shower rooms fitted with high-specification fixtures, including pressurised gas-powered showers, automatic humidity-controlled extraction, and LED demisting mirrors.
High-efficiency Vaillant condensing gas boiler with remaining balance of 10-year parts and labour warranty.
Fully double glazed with insulated loft space and positive pressure ventilation system.
Lower ground floor laundry area with washer, dryer, and external washing facilities.
Safety & Connectivity
Fully wired fire alarm system and emergency lighting installed across all levels.
Fibre broadband connected to the property.
High-speed Ubiquiti commercial-grade WiFi system installed throughout, providing excellent connectivity across all floors.
Additional Information
Sale includes landlord contents, including high-quality white goods, beds, and fitted furniture.
Secure cycle storage available for up to four bicycles.
Location
Situated in the highly desirable Bowerham area of Lancaster, Golgotha Road is widely regarded as one of the city’s most popular student rental locations, consistently attracting strong tenant demand year after year.
The property is ideally positioned for both Lancaster University and the University of Cumbria, with excellent public transport links and regular bus routes providing convenient access to both campuses and the city centre. Local amenities are all within easy reach, including convenience stores, supermarkets, cafés, and everyday services, making this an exceptionally practical location for student living.
Lancaster city centre is just a short distance away, offering a vibrant mix of retail, leisure, and dining options, along with direct rail links to Manchester, London, and beyond from Lancaster railway station. The surrounding area is also well served by green spaces, with Williamson Park nearby, adding further appeal to this already sought-after lo...
General Information
EPC D
Council Tax Band B
Gas Central Heating
Mains Electric
Mains Water
Freehold
Extensively upgraded by the current owners, the property has been professionally configured to provide six generous double bedrooms, each benefiting from fitted study desks and private sink units, making it ideally suited for modern student living. Spacious communal areas, private outdoor space, and substantial off-road parking further enhance what is already a standout investment opportunity in a consistently high-demand rental area.
The property is entered via the main hallway, creating an inviting first impression with practical storage space and access to the principal ground floor accommodation.
To the front elevation is Bedroom One, a spacious double bedroom featuring a large bay window allowing plenty of natural light. As with all six bedrooms in the property, this room benefits from fitted furnishings including a study desk and private sink unit, creating a practical and desirable student living space.
Also accessed from the hallway is the generous communal lounge, offering an excellent social space for tenants with ample room for both relaxing and dining.
To the rear, the main kitchen is well appointed with a range of fitted wall and base units, ample worktop space, integrated cooking facilities, and dedicated fridge and freezer storage, providing a practical and functional hub for shared living.
Stairs from the hallway lead to the first floor, while additional access from the kitchen leads down to the basement level.
The first floor offers three further well-proportioned double bedrooms, all thoughtfully arranged to maximise comfort and practicality for student tenants.
Bedroom Two is a bright and comfortable double room with fitted furnishings, including a dedicated study desk and private sink unit.
Bedroom Three is a spacious double bedroom offering excellent proportions and natural light, complete with fitted furnishings including a study desk and private sink unit.
Bedroom Four is another generous double room positioned to the front of the property, offering ample natural light along with fitted furnishings, a study desk, and private sink unit.
Also on this level is a spacious shared bathroom, fitted with modern fixtures and designed to comfortably serve the upper floor accommodation.
The basement has been exceptionally well converted, creating versatile additional accommodation and facilities that significantly enhance the overall functionality of the property.
This level comprises Bedroom Five and Bedroom Six, both generous double bedrooms with fitted furnishings, dedicated desk space, sink units, and natural light.
A modern shower room serves this floor, finished to a high standard with contemporary fittings. There is also a secondary kitchen/utility area, providing additional cooking, laundry, and storage facilities. This practical space adds further convenience for tenants and increases the overall efficiency of shared living.
The basement layout offers excellent flexibility and could suit a variety of future configurations, subject to any required permissions.
Externally, the property benefits from valuable private outdoor space, an increasingly rare feature for student HMOs in this highly sought-after location. This additional outdoor area provides practical space for tenants and further enhances the overall appeal of the property.
To the side, a substantial off-road parking area offers ample space for multiple vehicles, a significant advantage for both tenants and visitors. The combination of outdoor space and generous parking adds further value to an already impressive investment opportunity, setting this property apart from many comparable student rental properties in the area.
Agent Notes
Investment Summary
Professionally converted six-bedroom HMO arranged over three floors.
Owned and meticulously maintained by the current vendors for the past nine years.
Currently generating a gross annual rental income of £40,500, producing an attractive yield of approximately 10%.
Approximate annual running costs, including gas, electricity, water, broadband, and TV licence, total around £3,500, resulting in a strong net return.
Rental income for the 2027–2028 academic year is forecast to increase to approximately £43,000–£44,000.
The current student group has already signed for the upcoming academic year, demonstrating the property’s continued strong demand and consistent occupancy.
Tenant Demand & Accreditation
Accredited by Lancaster University Homes.
Historically achieves full occupancy with minimal to zero void periods.
Highly desirable student property, with strong annual demand and multiple applicant groups typically registering interest each year.
Property Specification
Configured to allow the lower ground floor to operate as a self-contained section if required, comprising two bedrooms, kitchen facilities, and shower room.
All six bedrooms include double beds, fitted wardrobes, fitted desks, shelving, usb charging points, and private sink/vanity areas.
Two modern shower rooms fitted with high-specification fixtures, including pressurised gas-powered showers, automatic humidity-controlled extraction, and LED demisting mirrors.
High-efficiency Vaillant condensing gas boiler with remaining balance of 10-year parts and labour warranty.
Fully double glazed with insulated loft space and positive pressure ventilation system.
Lower ground floor laundry area with washer, dryer, and external washing facilities.
Safety & Connectivity
Fully wired fire alarm system and emergency lighting installed across all levels.
Fibre broadband connected to the property.
High-speed Ubiquiti commercial-grade WiFi system installed throughout, providing excellent connectivity across all floors.
Additional Information
Sale includes landlord contents, including high-quality white goods, beds, and fitted furniture.
Secure cycle storage available for up to four bicycles.
Location
Situated in the highly desirable Bowerham area of Lancaster, Golgotha Road is widely regarded as one of the city’s most popular student rental locations, consistently attracting strong tenant demand year after year.
The property is ideally positioned for both Lancaster University and the University of Cumbria, with excellent public transport links and regular bus routes providing convenient access to both campuses and the city centre. Local amenities are all within easy reach, including convenience stores, supermarkets, cafés, and everyday services, making this an exceptionally practical location for student living.
Lancaster city centre is just a short distance away, offering a vibrant mix of retail, leisure, and dining options, along with direct rail links to Manchester, London, and beyond from Lancaster railway station. The surrounding area is also well served by green spaces, with Williamson Park nearby, adding further appeal to this already sought-after lo...
General Information
EPC D
Council Tax Band B
Gas Central Heating
Mains Electric
Mains Water
Freehold
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