5 bedroom terraced house for sale
Key information
Property description & features
- NO CHAIN
- INCOME PRODUCING LICENSED STUDENT HMO
- FIVE BEDROOMS
- TWO BATHROOMS
- LET FOR THIS 2023/2024 ACADEMIC YEAR
- ALSO LET FOR THE 2024/2025 ACADEMIC YEAR
- TEN MINUTE WALK INTO THE CITY CENTRE
- EXCELLENT LETTING HISTORY
- FUTURE PROOF INVESTMENT
- GREAT LOCATION
.This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.
This property is let for this 2023/2024 academic year at 5 x £128 PPW x 48 (per person per week) offering an annual gross income of £30,720.
The property is also let for the next 2024/2025 academic year at 5 x £130 PPW x 48 (per person per week) offering an annual gross income of £31,200.
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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Entrance Vestubule - Door to hallway.
Hallway - Stairs to the first floor, laminate floor, radiator.
Bedroom One - Double glazed bay window to the front, carpeted floor, radiator.
Lounge - Double-glazed window to the rear, laminate floor, radiator.
Kitchen/Diner - Double-glazed window to side, range of matching wall and base units, washing machine, stainless steel sink, four plates electric hob and oven, extractor hood, Vaillant combi boiler, laminate floor, radiator, door to the cellar, table and chairs, double-glazed door to the yard.
Cellar - Double-glazed window to front, power and light, gas and electric meters.
First Floor - Stairs to the second floor.
Bathroom - Double-glazed frosted window to rear, panelled bath with thermostatic shower, vanity unit with inset wash hand basin, extractor fan, heated towel rail, vinyl floor, W.C.
Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator.
Bedroom Three - Double-glazed window to the front, carpeted floor, radiator.
Second Floor Landing - Access to the loft.
Bedroom Four - Double-glazed window to the rear, carpeted floor, radiator.
Bedroom Five - Double-glazed window to the front, carpeted floor, radiator.
Shower Room - Double-glazed frosted window to the rear, shower cubicle with electric shower, vanity unit with inset wash hand basin, heated towel rail, vinyl floor., extractor fan, W.C.
Rear Yard - Patio area, gate to access road.
Useful Information - Tenure Freehold
Council Tax Band (B ) £1756.26
This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
Investment Information - The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.
This property is let for this 2023/2024 academic year at 5 x £128 PPW x 48 (per person per week) offering an annual gross income of £30,720.
The property is also let for the next 2024/2025 academic year at 5 x £130 PPW x 48 (per person per week) offering an annual gross income of £31,200.
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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
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Property reference 33043263. 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.
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Broadband availability and predicted speed: obtained from Ofcom on January 18, 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:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 18, 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 September 15, 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.
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