Property number 49309. Click the "Request Viewing" or "Email Agent"button, submit the form and we'll text & email you within minutes, day or night.

Solid investment opportunity to buy this long established and high yielding HMO which has been extensively upgraded by the current owners. Professional conversion to a spacious 6 double bedroom property with plenty of living space and unusually also offering private outdoor space with a large off-road car parking area to the side.

Situated in one of the most sought after student locations in Bowerham perfect for both Universities this property has tenants secured through to summer 2024 and has a gross yield of £38,880.

The property is within a 2 minute walk of a Spar shop and the main bus stop into both town and Lancaster University.

The front door leads into a porch area housing the fully wired fire alarm system and has automatic lighting both in the porch area and externally. This leads onto a hallway with a radiator and fitted storage for coats and shoes.

Leading off the hallway is bedroom 1, located to the front. This room is a large spacious bedroom with a double glazed bay window with radiator, fitted wardrobe, double bed, vanity sink, fitted desk and USB charging sockets.

Also leading off the hallway on this level is the spacious lounge/dining room with two large leather sofas, this room has a large double glazed window to the rear, double radiator.

Leading on from the lounge you enter the main fully fitted kitchen, with a range of base and wall units, fitted electric oven and hob with extractor. There is a double sink with mixer and separate undercounter fridge and freezer units.

From the kitchen there is a staircase leading down to the basement area, on entering the basement there is a new spacious shower room with a gas powered thermostatic mixer shower, WC and basin with mixer tap, double radiator and shelving. There is also a LED demisting mirror and humidity controlled extractor fan. All of the lighting in this bathroom is controlled automatically by an occupancy sensor.

Next to the bathroom is bedroom 5, again a double bedroom with wardrobe, fitted desk, radiator, vanity sink LED mood lighting, double glazed window with fitted blackout blind.

The next room is bedroom 6, again double room, fitted wardrobe, fitted desk, vanity sink, LED mood lighting, double glazed window with fitted blackout blind and radiator.

Next is the lower utility room and secondary kitchen. This room houses the new valliant system boiler which feeds a large hot water tank and also powers the high efficiency heating via a HIVE remotely controlled system. This room also has a range of fitted kitchen units, sink with mixer tap, undercounter fridge and freezer, automatic washer and dryer, as well as cooking facilities and an extractor fan. There are two double glazed windows and an exterior door leading to the back yard.

The configuration of the basement lends itself to being fully self-contained if required.

Returning to the hallway on the ground floor the main stairs lead up to a window on the landing area and off this are three further bedrooms.

The first is bedroom 2 which is a double with fitted desk, fitted wardrobe, vanity sink, shelving USB charging, and a double glazed window.

Next is bedroom 3 which is a spacious double with fitted wardrobe, double bed, fitted desk, vanity sink, radiator and a double glazed window with views across the city to morecambe bay and the lakeland fells.

Next to this is bedroom 4, again a spacious double, containing a double bed, fitted desk and shelving, USB charging points, vanity sink, fitted wardrobe and large front facing double glazed windows. Also off the landing area is a storage cupboard with access to the loft.

Finally the landing leads to a spacious second bathroom with thermostatic gas powered shower, WC, basin with mixer, automatic dehumidifying extractor fan, LED demisting mirror and automated system controlling the lights. The bathroom has a radiator with a towel drying rack and double glazed window.

The property is fitted with a ventilation system allowing fresh air into both the main house and lower basement through a series of automated fans ensuring that even if windows are not opened the property remains fresh.

The property is fitted with a Ubiquiti high speed WiFi system allowing multiple users to access high speed internet without any cables.

There is automatic emergency lighting fitted to all levels in addition to the required carbon monoxide and fire detection system. The property has a new 5 year HMO license granted last year.

The property is offered for sale with the benefit of all furnishings and fitments inclusive.

If you're interested in this property please click the "Request Viewing" button above