This property is no longer on the market
4 bedroom end of terrace house
Key information
Property description & features
- STUDENT HMO
- INCOME PRODUCING INVESTMENT
- LET FOR 2023/2024 ACADEMIC YEAR
- FOUR BEDROOMS
- TWO BATHROOMS
- WITHIN WALKING DISTANCE TO THE CITY CENTRE
- EXCELLENT LETTING HISTORY
- FUTURE PROOF INVESTMENT
- GOOD LOCAL AMENITIES
- BUS ROUTES TO THE UNIVERSITIES
This Imposing end terrace property is deceptively spacious and located in a very popular 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.
Income-producing HMO let for this 2023/2024/ academic year.
£117 per week per student, bills included. 4X 48 weeks giving a gross yearly income of £22,464.00
The property is being sold including furniture and white goods (with the exception of the tenant's personal belongings).
The new owner will also inherit the tenants, which are managed through Mighty Student Living (please call us to discuss terms of the management contracts and charges)
There is also a possibility to create en-suites to the bedrooms.
Accommodation :
Lounge, kitchen/diner and bedroom one. The first floor has a shower room, a bathroom and bedroom two. The second floor has two further bedrooms. Outside has a rear yard and storage shed.
Entrance Vestibule - Door to lounge.
Lounge - Double-glazed window to front, understairs storage cupboard, laminate floor, radiator.
Kitchen - Double glazed window to side, range of matching wall and base units, laminate floor, fridge/freezer, stainless steel sink, free-standing gas cooker and extractor hood, radiator, door to the yard.
Inner Hallway - Stairs to the second floor.
Bedroom One - Double glazed window to front and side, built-in cupboard housing the consumer unit, radiator, carpeted floor.
First Floor Landing - Double-glazed window to rear, stairs to the second floor.
Bathroom - Double glazed frosted window to the rear, panelled bath with shower attachment, built-in linen cupboard housing the combi boiler, wash hand basin, fully tiled, vinyl floor, radiator, W.C.
Shower Room - Double glazed frosted window to rear, shower cubicle with thermostatic shower, wash hand basin, radiator, vinyl floor, extractor fan, W.C.
Bedroom Two - Double glazed window to side, carpeted floor, radiator.
Second Floor Landing - Access to the loft.
Bedroom Three - Double-glazed window to the front, carpeted floor, radiator.
Bedroom Four - Double-glazed window to the rear, carpeted floor, radiator.
Rear Yard - Gate to access road and storage shed.
Investment Information - Tenure Freehold
Council Tax Band ( B) £1678.14
Income producing HMO LET FOR 2023/2024/ ACADEMIC YEAR
£117 per week per student, bills included 48 weeks gross yearly income of £22,464.00
The property is being sold including furniture and white goods (with the exception of the tenant's personal belongings).
The property has currently gas safety certification in place along with a valid EICR certificate.
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Broadband availability and predicted speed: obtained from Ofcom on June 24, 2022
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