This property is no longer on the market
3 bedroom terraced house
Key information
Property description & features
- INCOME PRODUCING INVESTMENT PROPERTY
- LET TO 3 STUDENTS
- LET AGREED FOR 2022/2023 & 2023/2024 ACADEMIC YEARS
- POPULAR STUDENT AREA
- FURNITURE & WHITE GOODS INCLUDED
- FUTURE PROOF INVESTMENT
- 2023/2024 ANNUAL GROSS INCOME £16,272
- POPULAR BOWERHAM AREA
- WALKING DISTANCE TO THE CITY CENTRE
- EXCELLENT BUS ROUTES TO THE UNIVERSITIES
Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, bus links to universities and all of its amenities.
Opportunities such as these are going to be so much harder to create with the article 4 regulation now in place in Lancaster, so capitalise now before prices increase further.
This well-appointed mid-terraced property is deceptively spacious and located in the ever-popular Bowerham area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just an 8-10 minute walk away with good amenities and a great choice of bars and restaurants.
The new owner will also inherit the tenants, which are managed through Mightyhouse.
The property is also let agreed for the 2023/2024 academic year for £113PPW, including bills with an annual gross income of £16,272.
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).
Tenancy agreements are 48 weeks in length for the 2023/2024 academic years.
Entrance Vestibule - Door to hallway.
Hallway - Stairs to the first floor, carpeted flooring, radiator, original coving.
Letting Bedroom One - Double-glazed bay window to front, wall-mounted gas fire, built-in wardrobes, picture rail, carpeted flooring, radiator.
Lounge/Diner - Double-glazed window to rear, radiator, carpeted flooring.
Kitchen - Double glazed window to the rear, range of matching wall and base units, stainless steel sink, plumbing for washing machine, four plate electric hob and oven, extractor hood, space for fridge/freezer, walk-in under stairs storage cupboard, consumer unit, combi boiler, tiled flooring, double glazed door to the yard.
First Floor Landing - Built-in storage cupboard, access to the loft.
Letting Bedroom Two - Double glazed window to front, built-in wardrobes, carpeted flooring, radiator.
Letting Bedroom Three - Double-glazed window to rear, built-in wardrobes, carpeted flooring, radiator.
Bedroom Four - Double glazed window to rear, built-in wardrobes, carpeted flooring, radiator.
Bathroom - Double-glazed frosted window to side, panelled bath with Mira electric shower, wash hand basin, heated towel rail, vinyl flooring, fully tiled, extractor fan, W.C.
Outside - Spacious rear yard with double gates that allow off-road parking if needed.
Useful Information - Tenure- Freehold
Council Tax Band ( B) £1609.97
The property has currently gas safety certification in place along with a valid EICR certificate.
The property is being sold including furniture and white goods (with the exception of the tenant's personal belongings).
Income Information - The property is currently let for the 2022/2023 academic year for £93.00 PPW including bills (per person per week) with an annual gross income of £13,392. The new owner will also inherit the tenants, which are managed through Mightyhouse.
The property is also let agreed for the 2023/2024 academic year for £113PPW, including bills with an annual gross income of £16,272
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).
Tenancy agreements are 48 weeks in length for the 2022/2023 & 2023/2024 academic years.
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Property reference 32006370. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Mighty House - Lancaster.
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Broadband availability and predicted speed: obtained from Ofcom on January 12, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 12, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 28, 2020 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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