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1-3 Cable St 235 Unit Dormitory $14,037,233 ($59,733/Unit) Lancaster LA1 1BP
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.
£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 | $14,037,233 | Apartment Style | Mid-Rise |
| Price Per Unit | $59,733 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Tenure | Freehold | Building Size | 52,996 SF |
| No. Units | 235 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2005 |
| Property Subtype | Dormitory |
| Price | $14,037,233 |
| Price Per Unit | $59,733 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 235 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 52,996 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1890/2005 |
Amenities
Unit Amenities
- Heating
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Security System
- Furnished Units Available
- Wheelchair Accessible
- Wi-Fi
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 231 | - | 420 - 538 |
| 3+1 | 2 | - | 420 |
| 4+1 | 2 | - | 420 - 538 |
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1-3 Cable St
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