City Centre Student Accommodation Portfolio
For Sale
Leisure & Hospitality, Other, Investment
613 - 1,182 Sq Ft
For Sale: Offers in region of £1,125,000
Get in touch for this property:
- Annual Income of £121,344
- Potential yield of 10.79%
- 7 individual properties
- Qualifies for commercial Stamp Duty rates
- Portfolio restructure could achieve over 13% yield
- Long-term investment potential
- Traditional terraced properties
An exceptional opportunity to acquire a portfolio of seven HMO student properties, providing an established and income-producing investment package within the popular Lancaster student rental market. The portfolio comprises well-established student accommodation located across a variety of sought-after areas around Lancaster city centre, offering both geographical diversity and a strong letting history.
Six of the seven properties are currently let through to the end of the 2027 academic year, with the remaining property temporarily vacant while improvement works are completed, including the installation of a new kitchen. This property has already generated strong levels of interest from prospective tenants and is expected to offer further rental potential once the works have been finalised.
When fully occupied, the portfolio generates a combined annual rental income of approximately £121,344, offering investors an attractive opportunity to acquire a ready-made student accommodation portfolio with an established track record. Whether looking to expand an existing portfolio or enter the student investment market, this represents a rare opportunity to secure multiple quality HMO assets within one of the UK's recognised student locations. The properties are let and managed by Mighty Student Living based in Lancaster city centre.
The portfolio comprises properties located throughout Lancaster city centre, one of the North West's most established student markets and home to both Lancaster University and the University of Cumbria. Together, these institutions attract thousands of students from across the UK and around the world each academic year, creating sustained demand for quality student accommodation.
The properties are situated on Aberdeen Road, Adelphi Street, Prospect Street, and Ridge Street, all well-established student locations surrounded by similar HMO accommodation and popular with both undergraduate and postgraduate tenants. Each property benefits from excellent public transport links, with regular bus services providing convenient access to both university campuses.
In addition, all properties are within easy reach of Lancaster's city centre, offering students convenient access to shops, supermarkets, cafés, bars, restaurants, and leisure facilities. This combination of prime locations, strong transport connections, and proximity to key amenities underpins the portfolio's consistent letting performance and long-term investment appeal.
| Description | Sq Ft | Sq M |
|---|---|---|
| 18 Prospect Street | 1,182 | 109.81 |
| 36 Prospect Street | 720 | 66.89 |
| 68 Prospect Street | 709 | 65.87 |
| 88 Aberdeen Road | 681 | 63.26 |
| 90 Aberdeen Road | 707 | 65.68 |
| 1 Adelphi Street | 613 | 56.95 |
| 30 Ridge Street | 730 | 67.82 |
| Total | 5,342.00 | 496.28 |
Mains water, electric and gas all connected. For some properties, tenants are responsible for utility bills, while others have utilities included within the rent. Please enquire for further information.
88 Aberdeen Road - EPC Rating D
90 Aberdeen Road - EPC Rating D
1 Adelphi Street - EPC Rating D
18 Prospect Street - EPC Rating D
36 Prospect Street - EPC Rating D
68 Prospect Street - EPC Rating D
30 Ridge Street - EPC Rating E
All prices quoted are exclusive of VAT, but may be liable. This transaction is not subject to VAT.