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Investment Highlights

  • 230 beds configured as 100% non-ensuite cluster flats of between 3 and 6 bedrooms
  • Very low average rent of £118 per week for 2025/26
  • Centrally located next to Lancaster central bus station providing excellent direct connectivity to Lancaster University and the University of Cumbria

Executive Summary

Fantastic opportunity to acquire highly affordable and superbly located student accommodation in a top 10 UK university market. offers in excess of £10,295,000 /
£44,760 per bed for the freehold and leasehold interests in 1-3 Cable Street. The Property is offered on an asset basis.

Property Facts Sale Pending

Price £10,295,000
Price Per Unit £43,809
Sale Type Investment
Tenure Freehold
No. Units 235
Property Type Build-to-Rent
Property Subtype Shared Accommodation
Apartment Style Mid-Rise
Costar Property Class B
Total Plot Size 0.44 ac
Property Size 52,996 sq ft
No. Floors 4
Year Built/Renovated 1890/2005

Amenities

Unit Amenities

  • Heating

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Security System
  • Furnished Flats Available
  • Wheelchair Accessible
  • Wi-Fi
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent pcm sq ft
1+1 231 - 420 - 538
3+1 2 - 420
4+1 2 - 420 - 538
  • Listing ID: 37680742

  • Date on Market: 15/09/2025

  • Last Updated:

  • Address: 1-3 Cable St, Lancaster LA1 1BP

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