2 bedroom terraced house for sale
Key information
Property description & features
- Income producing property
- Spacious double bedrooms
- Very spacious house for 2 people
- Modern kitchen
- Bills not included
- Lovely living room
- Great location
- Good letting history
- 10 minute walk to city centre
- No chain
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.
The property is currently let to two students for this 2023/2024 academic year with an annual gross income of £9,792.00. £102.00 per person per week *excluding bills) based on a 48-week contract. Bills are not included, tenants pay their own 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).
*This property does not require an HMO license at this time.
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
This property has a great letting history and would make a great addition to your portfolio or a first buy-to-let.
This highly sought-after area is within Lancaster city centre which offers an excellent choice of amenities, shopping, pubs, restaurants and much more.
The city has very good transport links via road and rail making this an easy commute for professionals working at renowned hospitals and universities.
Now let for the next academic year, 2024/2025 two students with an annual gross income of £10,272. £107.00 per person per week *excluding bills) based on a 48-week contract. Bills are not included, tenants pay their own bills.
Lounge - Double-glazed window to front, fireplace with electric stove, cupboard housing consumer unit, radiator, carpeted floor.
Kitchen/Diner - Double-glazed window to rear, range of matching wall and base units, four plate electric hob, extractor hood and electric oven, stainless steel sink, tiled floor, radiator, stairs to the first floor, fridge/freezer.
Utility Area - Cupboard housing the washing machine and combi boiler, storage space, tiled floor and door to the yard.
Bathroom - Double-glazed frosted window to the side, panelled bath with thermostatic shower, wash hand basin, extractor fan, radiator, tiled floor, W.C.
First Floor -
Bedroom One - Double-glazed window to the front, carpeted floor and radiator.
Bedroom Two - Double-glazed window to the rear, carpeted floor and radiator.
Outside - Stone storage shed, patio area and gate to access road.
Useful Information - Tenure Freehold
Council Tax Band (A ) £1438.42
The property also benefits from a new roof carried out in 2020
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).
Investment Information - The property is currently let for the 2023/2024 academic year for £102.00 PPW excluding bills (per person per week) with an annual gross income of £9,792.00.
The property is currently let for the 2024/2025 academic year for £107.00 PPW excluding bills (per person per week) with an annual gross income of £10,272.
The property is sold with furniture and white goods included in the sale except for the tenant's personal belongings (such as any furniture they may have brought to the property).
Tenancy agreements are 48 weeks in length.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32767971. 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.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 19, 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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 19, 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 August 17, 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.