This property is no longer on the market
3 bedroom semi-detached house
Key information
Property description & features
- Income Producing Investment
- Student HMO
- Very Close To Lancaster University
- Three Letting Bedrooms
- One Off Street Parking Space
- Garage/Landlord Store
- Excellent Location
- Let for 2022/2023 Academic Year
- Good Track Record Of Letting
- Tenure: FREEHOLD
This income-producing student investment property offers a very generous income to an investor!
Located just a 15 minute walk and 7 minute cycle to Lancaster University. This lovely home is exceptionally close to the Lancaster university campus, making it a very easy commute for the tenants. A bus into the centre is just a 1 minute walk away.
This well-presented property has been very well maintained and comes with a garden, allocated parking and a garage that would make an excellent landlord's store.
Lancaster city and has a lot to offer with, a great choice of high street shops, fabulous restaurants and a local market.
The city has excellent transport links via road and rail, making this an easy commute for professionals working at the renowned hospitals and universities.
The property is let for the 2023/2024 academic year with an annual gross income of £18,096 ( £116 per person per week *including bills).
The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).
Accommodation:
Lounge, spacious kitchen/diner and ground floor cloakroom. The first floor has three bedrooms and a bathroom. Enclosed rear garden, garage and allocated parking for two cars. The property benefits from double glazing and gas central heating.
*HD 360 VIDEO TOUR AVAILABLE*
Entrance Vestibule - Wood effect laminate flooring, consumer unit, door to lounge.
Lounge - Double glazed window to front, feature fireplace with inset electric fire, radiator, stairs to the first floor, radiator.
Kitchen/Diner - Double glazed window to rear, range of matching wall and base units, Vaillant wall mounted combi boiler, electric oven with four plate hob and extractor hood, plumbing for washing machine, stainless steel sink, tiled splashbacks, sliding patio doors to garden, door to cloakroom.
Cloakroom - Double glazed frosted window to rear, wash hand basin, storage cupboard, radiator, coat hook, wood effect laminate flooring, W.C.
First Floor Landing - Double glazed window to the side, linen and storage cupboard, access to the loft, carpeted flooring, radiator.
Bedroom One - Double glazed window to rear, storage cupboard, built-in wardrobes and draws, radiator, carpeted flooring.
Bedroom Two - Double glazed window to front, walk-in storage cupboard, radiator, carpeted flooring.
Bedroom Three - Double glazed window to front, radiator, carpeted flooring.
Bathroom - Double glazed frosted window to rear, panelled bath with shower, wash hand basin, partially tiled, extractor fan, vanity unit, shaver p[point, radiator, tile effect vinyl flooring, W.C.
Outside - Enclosed garden to the rear with lawn area, patio areas, storage shed and gate to the car park.
Detached Garage - Useful additional storage, landlord store or workshop.
Investment Information - The property was let for the 2021/2022 academic year with an annual gross income of £13,680 (£95 per person per week *including bills).
The property is let for the 2023/2024 academic year with an annual gross income of £18,096 ( £116 per person per week *including bills).
Current EICR & Landlords gas safety certificate in place.
The property is currently managed by Mighty Student Living on a fully managed basis, please call us for more details.
Useful Information - Council Tax Band - C - £1839.97 (2022)
EPC - D - Certificate number 6020-0224-0897-5005-2933 - Valid until 5 February 2031
Tenure: Freehold
Water meter - TBC
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Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
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Energy Performance data and Internal floor area: obtained on February 5, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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