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Welcome to The Mill, comprising 119 deluxe studio apartments set in the heart of Lancaster’ thriving student community. 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.
Set within easy reach of some of Britain’s most breathtaking landscapes – including the Lake District, Forest of Bowland, and Yorkshire Dales – Lancaster is truly an enviable city to live in.
First settled as a Roman outpost in 1st century AD, the city boasts a long and illustrious history, both as an important regional centre and as home to one of Northern England’s premier seats of learning. Yet, with a population of just 138,375, it retains a homespun feel distinct from some of its larger neighbours.
As the county town of Lancashire, it possessesexcellent transport links with the rest of the region and the UK as a whole. Lancaster is located just 52 miles north west of Manchester and provides easy access to the M6 for routes to Scotland, London, and Southern England.
Lancaster is also on the West Coast Mainline, providing fast, direct connections to all of the UK’s major cities including Edinburgh, Birmingham, Glasgow, and London. Travel to local centres such as Liverpool, Leeds, and Manchester is served by a regular regional service.
And, with Manchester International Airport and Liverpool John Lennon Airport both approximately 70 minutes away, residents benefit from a choice of over 90 destinations globally.
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 15,725 students during 2019/20. And, it’s growing. The student population has increased at a rate of 16% 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.
Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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