Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Property details

  • 1 bedroom

Features

  • 7% net rental returns
  • 5 years guaranteed rent
  • Completing August 2020
  • New launch!
  • High specification
  • Cash buyers
  • Furniture packs available
  • Great location

Listing view statistics

Last 30 days: 144 page views

Since listed: 290 page views

Description

A fantastic investment opportunity, offering guaranteed returns and low buy in prices. This 4th floor mill conversion will be the closest student accomodation to Lancaster University on campus and by far the highest specification.

*About the development*
A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster's industrial history. Nestled in Lancaster's greenbelt, the property boasts an unbeatable location as the closest privately built student accommodation to Lancaster University campus. Combined, these factors make The Mill one of the city's most desirable properties for students and investors alike.The museum on the first floor is a permanent exhibition of some of the old mill machinery that has been carefully removed from the original site. The building is the world's first mechanical silk mill, dating back to 1700, and we were keen to showcase this and preserve its important historical heritage. Each apartment is built to a high specification and a full furniture pack can be provided.

*About Lancaster*
Lancaster is home to over 18,000 students and hosts two higher education institutions: Lancaster University and The University of Cumbria's Lancaster campus.
Lancaster University is among the best the UK has to offer. Consistently ranking in the top 10 of all three major national league tables, the institution is also within the top 1% of universities globally. In addition, Lancaster sits 3rd for graduate-level employment in the Times and Sunday Times's Good University Guide 2019.
As a result, it's an extremely popular destination, attracting 12,960 students from 142 countries during 2017/18. And, it's growing.
The student population has increased at a rate of 16% P/A since 2008/09 - well above the national average of 12%. The city's smaller institution, The University of Cumbria, specialises in agriculture and natural sciences and operates across six campuses throughout Cumbria and the North West. The institution attracted 8,635 students in 2016/17 and has grown continually since being granted full university status in 2007.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Lancaster 3.8 miles
  • Heysham Ferry Terminal 5.8 miles
  • Ellel St John the Evangelist Church of England Primary School 0.2 miles
  • Dolphinholme Church of England Primary School 2.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Lancaster 3.8 miles
  • Heysham Ferry Terminal 5.8 miles
  • Ellel St John the Evangelist Church of England Primary School 0.2 miles
  • Dolphinholme Church of England Primary School 2.4 miles

Market stats

Sale activity

Average estimated value for a flat in LA2:

  • £155,936
  • Price increase

  • £1,643
  • (1.065%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £120,416
  • Properties sold

    6

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in LA2 is currently:

£351 pcm

Recent sales nearby

See all recent sales in LA2
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
10th Feb 2020 £97,500 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.