4 bedroom terraced house for sale
Key information
Property description & features
- Income Producing Property
- Easy access to local transport and Lancaster University
- Excellent local amenities
- Only minute to University of Cumbria
- Well presented throughout
- within walking distance to the city centre
- Let for next 2024/2025 academic year.
- Terraced House
- Council Tax Band A
- Great Investment
Excellent investment opportunity located in the heart of South Lancaster.
Currently, let to three students for this 2023/2024 academic year with an annual gross income of £16,704 (£116 per person per week including bills) based on a 48-week contract.
The property is also let to three students for the next academic year 2024/2025 with an annual gross income of £17,424 (£121 per person per week including bills) based on a 48-week contract.
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 allows easy access into 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.
No onward chain!
Entrance Hallway - Stairs to the first floor.
Bedroom One - Double glazed window to the front, carpeted floor, radiator.
Lounge/Diner - Double glazed window to the rear, radiator, carpeted floor.
Kitchen - Double glazed window to the side, range of matching wall and base units, free-standing electric cooker, stainless steel sink, washing machine and dryer, Worcester Combi boiler, vinyl floor, radiator.
Utility Area - Space for fridge/freezer, door to the yard.
Bathroom - Double-glazed frosted window to the side, bathtub, shower cubicle with thermostatic shower, wash hand basin, vinyl floor, radiator, W.C.
First Floor Landing - Access to the loft.
Bedroom Two - Double-glazed window to front, carpeted floor, radiator.
Bedroom Three - Double-glazed window to rear, carpeted floor, radiator.
Bedroom Four - Double-glazed window to rear, carpeted floor, radiator.
Outside - Rear yard and gate to access road.
Investment & Useful Information - The property is currently let to three students for this 2023/2024 academic year with an annual gross income of £16,704 (£116 per person per week including bills) based on a 48-week contract.
The property is also let to three students for the next 2024/2025 academic year with an annual gross income of £17,424 (£121 per person per week including bills) based on a 48-week contract.
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 a HMO license at this time.
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports)
There is also a fourth bedroom available for letting on the first floor.
Tenure Freehold
Council Tax Band (A) £1505.37
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Broadband availability and predicted speed: obtained from Ofcom on January 14, 2022
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