Lazonby Terrace

THE PROPERTY

14 and 14A Lazonby Terrace are sold together on a single freehold title – a large Victorian end-terrace house with a self-contained garden flat. Both properties have been consistently let for over 15 years with no rental arrears on either unit.

14 Lazonby Terrace – 5-Bed Licensed HMO

A spacious Victorian end-terrace let to students, comprising:

• 4 double bedrooms and 1 single bedroom
• 3 en-suite shower rooms, 1 full family bathroom, and 1 bedroom with en-suite WC & WHB
• Large lounge/diner and kitchen
• Current tenants: student group, September 2025 – end of July 2026
• Incoming tenants: new group confirmed from 1st September 2026 (group of 4 booked for 26/27; single room being used as a study)

14A Lazonby Terrace – 1-Bed Garden Flat

A self-contained flat with its own private entrance, comprising:

• Large double bedroom with en-suite full bathroom
• Open-plan kitchen/living/dining area
• Currently let to a student tenant (moved in September 2025, continuing into 26/27)

Both properties share a rear yard and a small forecourt garden.

FINANCIALS

KEY INVESTMENT HIGHLIGHTS

• Freehold – both properties on a single title, sold together
• Fully licensed HMO – licence in place, no planning permission required; not in an Article 4 area
• Strong yield – circa 12% gross at asking price
• Zero arrears – rent paid on time throughout tenancy history
• Fully let – no void periods anticipated; 26/27 tenancies already confirmed
• Hands-off investment – currently managed by an established local property management company in Carlisle
• Established student market – Carlisle benefits from a consistent student demand base