This property is no longer on the market
3 bedroom terraced house
Key information
Property description & features
- 3 BEDROOM INCOME PRODUCING STUDENT PROPERTY
- LET FOR 2024-2025 ACADEMIC YEAR
- LET FOR THIS 2023-2024 ACADEMIC YEAR
- FUTUR PROOF INVESTMENT
- WHITE GOODS INCLUDED
- ASSURED TENANCY AGREEMENT
- NO CHAIN
- CLOSE TO CITY CENTRE
- WELL APPOINTED
- BILLS INCLUSIVE
Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, 10 10-minute walk to 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.
Test certificates are in place and available.
The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.
3-BED STUDENT LET
The property is let for the 2023-2024 academic year for £117 PPW (per person per week) x 3 x 48 weeks, offering a very generous annual gross income of = £16,848.
The property will also be let for the 2024-2025 academic year for £122 PPW (per person per week) x 3 x 48 weeks, gross income of = £17,568.
Current Student tenants in place with a signed AST (assured short-hold tenancy agreement) in place until August 2024
(bills inclusive)
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).
This property does not need an HMO license at this time.
Entrance - Upvc double glazed door, carpeted
Lounge/Study Room - Upvc double glazed window to front, wood fire surround, marble effect back and hearth, radiator, carpeted.
Dining Area - Upvc double glazed door to rear, under stairs storage, radiator, carpeted.
Kitchen - Upvc double glazed window to side, range of matching wall and base units, stainless steel sink and drainer, tiled splash backs, laminate work tops, wood effect vinyl flooring.
Landing - Radiator, carpeted.
Bathroom - Upvc double glazed window to rear, WC, wash basin, shower cubical, electric shower, panel bath, partially tiled wall, combi boiler, radiator, vinyl flooring.
Bedroom One - Upvc double glazed window to the front, radiator, carpeted.
This has the potential to be a fourth bedroom if required.
Bedroom Two - Upvc double glazed window to the front, radiator, carpeted.
Bedroom Three - Upvc double glazed window to the front, radiator, carpeted.
Useful Information - Tenure- Freehold
Council Tax Band (A (£)1379.97
Investment Information - Current Student tenants in place with a signed AST (assured short-hold tenancy agreement) in place until August 2023.
(bills inclusive)
The property is let for this 2023-2024 academic year for £117 PPW (per person per week) x 3 x 48 weeks, offering a very generous annual gross income of = £16,848.
The property will also be let for the 2024-2025 academic year for £122 PPW (per person per week) x 3 x 48 weeks, gross income of = £17,568.
Property information from this agent
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Property reference 32092448. 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 February 3, 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:
Basic: Up to 30 Mbit/s
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 February 3, 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 February 22, 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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