19 Galgate Mill, The Mill, Chapel Lane, Galgate, Lancaster LA2 0PR

Lot 109 · LA2 0PR · Savills Auctions · North West

£58,500guide price
13.9%gross yield
Residential13.9% gross yieldBeen to auction before
19 Galgate Mill, The Mill, Chapel Lane, Galgate, Lancaster LA2 0PR
Photo: Savills Auctions catalogue

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EPC not confirmed

The listing does not show a clean EPC rating. The full pack checks the official register by address.

low confidence, Auction listing enrichment

Prior auction appearance

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medium confidence, AuctionRadar sold-results archive

Planning and licence check still needed

Article 4, conservation, HMO licensing, and flood checks need official-source lookup against the address.

not verified confidence, Full pre-bid pack

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About this lot

Modern studio with en-suite shower room, kitchenette facilities, desk space and double bedroom Modern communal spaces for study and socialising, as well as a gym, games room and cinema. An approx. 376 sq ft Let on a 51 week contract for the 2025/26 academic year (£160 per a week) Investment let at £8,160 p.a. (13.95% GIY on guide price)

A modern studio apartment forming part of a student specific accommodation development close to the University of Lancaster and Cumbria.The studio is finished to a modern standard with a fitted kitchen and integrated appliances, bedroom/living area and en-suite shower room.Within Silk Mill there is also a reception area,a communal area to socialise,bike store, gym, games room, cinema room and laundry. Additional information Tenure Leasehold - 150 years from and including 1 January 2020Current ground rent - £350.00 Accommodation StudioDouble BedroomKitchen facilitiesEn-suite Shower roomAn approx. 376sq ft Tenancy Let to a private individuallet on a 51 week contract for the 2025/26 academic yearInvestment let at £8,160 p.a. Rent £8,160 Book a viewing View Virtual Tour Contact Contact Now Contact Now Arrange a viewing Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account. Please select a time from the options below All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact. Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly. Viewings are in the process of being finalised and will be…

From the Savills Auctions listing. Read the full listing and legal pack →

Key facts

109Lot number
ResidentialUse class
LeaseholdTenure
376 sq ftFloor area
£8K/yrPassing income
18 August 2026Auction date

Recent sold prices nearby

2 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

1 LA***** RO**LA2 0EB£168,000
23 TI***** HI**LA2 0DQ£105,000

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in LA2

Evidence from 7 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+38.5%median uplift
£54,950typical value added
3.1 yearstypical hold period

See 7 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 7 registered sale pairs in LA2 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

Investor angles

Investment Let

This property has been to auction before

We match every lot against 190,000+ historical results. Prior appearances can reveal why a lot is back: withdrawn, unsold, or re-priced.

DateHouseResultPrice
31 March 2026Savills🔒🔒
24 February 2026Savills🔒🔒

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