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The Location
Percy Road places tenants within a two-minute walk of Lancaster city centre, making this a highly practical location for student accommodation. Shops, cafés, restaurants, nightlife and everyday services are all close by, while regular bus links provide straightforward access to Lancaster University. The University of Cumbria is also conveniently positioned, broadening the property’s appeal across Lancaster’s student population. For an investor, this central setting supports consistent tenant demand by offering the convenience students value: an easy walk into the city, access to university transport and plenty of amenities nearby. It is an established letting location with a proven history of occupancy, making 5 Percy Road a compelling opportunity for buyers seeking an income-producing student investment in Lancaster.
The Property
Already let for the 2026/27 academic year and generating a gross annual rental income of £24,000, this four-bedroom Lancaster student property offers an incoming landlord immediate income alongside a letting history spanning approximately 20 years.
Arranged across three floors, the end-terraced property provides well-proportioned accommodation designed around shared student living. The ground floor opens into a hallway, with the first letting bedroom positioned at the front. To the rear is a communal lounge and dining room, giving tenants a dedicated space in which to relax, eat and spend time together. A door leads down to the useful cellar, where the gas and electricity meters are located.
The kitchen is fitted with a range of storage units and includes an electric oven, hob, washing machine and fridge freezer. A Vaillant combination boiler provides the heating and hot water, while a rear door opens directly onto the outside space.
The first floor includes a further letting bedroom and two bathrooms, both fitted with a bath, WC and washbasin. Having two bathrooms is a particularly useful feature within a four-person student house, helping the property work comfortably for its occupants.
Two additional letting bedrooms occupy the second floor, both featuring double-glazed roof windows, with one also benefiting from a built-in wardrobe.
Outside is a generous rear yard with a garden area and gated access to the rear road. Furniture and white goods are included, excluding tenants’ personal belongings, helping provide a straightforward transition for the next landlord.
Material Information
Freehold property
Council Tax Band B
Fully let for the 2026/27 academic year
Four tenants paying £125 per week over 48 weeks
Gross contracted annual rental income of £24,000
Current landlord’s Gas Safety Certificate and EICR are in place
An HMO licence is not currently required; furniture and white goods are included, excluding tenants’ belongings
