Guide price
£23,000
1 bed flat for saleUnit 43 Galgate Silk Mill, Galgate, Lancashire LA2
1 bed
Auction
About this property
For sale by online auction on Tuesday, 17 Nov 2026 ending at 11:34
Stylish 2nd floor Studio Apartment in Silk Mill Lancaster, LA2
An excellent opportunity to purchase this well presented one bedroom apartment, situated within Silk Mill in the popular village of Galgate. Close to Lancaster University and convenient motorway links, the property is well suited to investors seeking an established rental opportunity.
The studio room features an open plan living and sleeping area, a fitted kitchen and an en-suite shower room. The studio is furnished with a double bed, study desk, TV and wardrobe, providing practical and comfortable living accommodation.
The property benefits from excellent communal facilities, including a fantastic games room, gymnasium, cinema room, laundry room and secure bike storage.
Current rental income: £7,450 per annum (Tenanted until Nov 2026)
Service charge: £3,717.92 per annum (paid to end Dec 2026)
Ground rent: £350 per annum (paid to end Dec 2026)
Letting fees: £1,072.80
Lease remaining: 146 years
Please note that these images where taken prior to the tenant moving in.
A well-presented apartment in a convenient location, offering an excellent opportunity for investors looking to add to their property portfolio.
Portrait Video Tour
False
Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Stylish 2nd floor Studio Apartment in Silk Mill Lancaster, LA2
An excellent opportunity to purchase this well presented one bedroom apartment, situated within Silk Mill in the popular village of Galgate. Close to Lancaster University and convenient motorway links, the property is well suited to investors seeking an established rental opportunity.
The studio room features an open plan living and sleeping area, a fitted kitchen and an en-suite shower room. The studio is furnished with a double bed, study desk, TV and wardrobe, providing practical and comfortable living accommodation.
The property benefits from excellent communal facilities, including a fantastic games room, gymnasium, cinema room, laundry room and secure bike storage.
Current rental income: £7,450 per annum (Tenanted until Nov 2026)
Service charge: £3,717.92 per annum (paid to end Dec 2026)
Ground rent: £350 per annum (paid to end Dec 2026)
Letting fees: £1,072.80
Lease remaining: 146 years
Please note that these images where taken prior to the tenant moving in.
A well-presented apartment in a convenient location, offering an excellent opportunity for investors looking to add to their property portfolio.
Portrait Video Tour
False
Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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