3 bedroom terraced house for sale
Key information
Property description & features
- NO CHAIN
- INCOME PRODUCING STUDENT PROPERTY
- CURRENTLY LET FOR THIS ACADEMIC YEAR 2023/2024 GROSS INCOME £ £16,992.00
- ALSO LET FOR THE NEXT ACADEMIC YEAR 2024/2025 GROSS INCOME ££17,712.00
- POPULAR STUDENT LOCATION
- WITHIN WALKING DISTANCE TO THE CITY CENTRE
- FUTURE PROOF INVESTMENT
- THREE BEDROOMS SET OVER TWO FLOORS
- GOOD BUS ROUTES TO THE UNIVERSITIES
- EXCELLENT LOCAL AMENITIES
Currently Let for this academic year 2023/2024, Gross income is £16,992.00 including bills.
Also, let for the next academic year 2024/2025 Gross income is £17,712.00 including bills.
Mighty House is pleased to present to you an excellent investment opportunity in the popular student area of South Lancaster.
The property is easily within walking distance of Lancaster City Centre and all of its amenities, with good bus routes to the universities.
With an excellent track record of letting history, this is a future-proof investment, that will continue to let well for years to come.
Currently, let for the 2023/2024 academic year with an annual gross income of £16,992.00. The annual gross income for the 2024/20225 academic year is £17,712.00 (£123.00 per person per week x 3 on a 48-week Assured Short Hold Tenancy Agreement).
The accommodation comprises an entrance vestibule, lounge, dining room and kitchen. The first floor has two of the bedrooms, with the second floor having a further bedroom and a shower room. Outside rear yard with patio area.
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).
Entrance Vestibule - Door to lounge
Lounge - Double-glazed window to the front, built-in cupboards housing the gas & electric meters, laminate floor, radiator.
Inner Hallway - Stairs to the first floor.
Dining Room - Double-glazed window to the rear, understairs storage, laminate floor, radiator.
Kitchen - Double-glazed window to the side, range of matching wall and base units with complimentary work surfaces, stainless steel sink, washing machine, fridge/freezer, four-plate electric hob, extractor hood and electric oven, tiled floor, door to the rear yard.
First Floor Landing - Stairs to the second floor, radiator.
Bedroom One - Double-glazed window, carpeted floor, radiator.
Bedroom Two - Double-glazed window, carpeted floor, radiator, built-in storage cupboard.
Second Floor - Carpeted floor.
Bedroom Three - Double-glazed velux window, laminate floor, radiator.
Shower Room - Double glazed velux window, shower cubicle with thermostatic shower, wash hand basin, extractor fan, laminate floor, radiator, W.C.
Outside - Rear yard with patio area and gate to access road.
Useful Information - Tenure Freehold
Council Tax Band (A ) £1505.37
New carpets for stairs, landings and bedrooms have also been laid.
Investment Information - Tenure Freehold
Let for this academic year 2023/2024, Gross income is £16,992.00 including bills.
Also, let for the next academic year 2024/2025 Gross income is £17,712.00 including bills.
Council Tax Band ( A) £1505.37
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).
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Broadband availability and predicted speed: obtained from Ofcom on February 9, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 9, 2022
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Energy Performance data and Internal floor area: obtained on July 19, 2019 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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