Property

The portfolio comprises seven HMO student properties located in Lancaster city centre. The properties are traditional terraced houses, adaptated for student accommodation, with modern kitchens and bathrooms. They are situated on Aberdeen Road, Adelphi Street, Prospect Street, and Ridge Street, and are surrounded by similar HMO accommodations and amenities such as shops, supermarkets, cafes, and leisure facilities. The properties offer a combined annual rental income of approximately £121,344, with six of the seven properties currently let through to the end of the 2027 academic year, and the seventh property undergoing improvement works. The properties feature a mix of 1-5 bedrooms, with a total of 19 bedrooms, and have a good standard of maintenance. External spaces are available across the portfolio, and utilities are connected and generally included in the rent. The properties have EPC ratings ranging from D to E.