8 bedroom terraced house for sale
Key information
Property description & features
- NO CHAIN
- LICENSED STUDENT HMO
- EIGHT BEDROOMS
- THREE BATHROOMS
- LET FOR THIS 2023/2024 ACADEMIC YEAR
- FUTURE PROOF INVESTMENT
- EXCELLENT LETTING HISTORY
- GOOD LOCAL AMENITIES
- WITHIN WALKING DISTANCE TO THE CITY CENTRE
- 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 8 X £124 PPW X 48 (per person per week) offering an annual gross income of £47,616.
The property is not currently let for the 2024/2025 academic year.
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 Hallway - Stairs to the first floor, original tiled floor, radiator, stairs to the lower basement.
Bedroom Two - Double-glazed window to the front, wash hand basin, carpeted floor, radiator.
Bedroom Three - Double-glazed window to the rear, wash hand basin, built-in cupboard, carpeted floor, radiator.
Kitchen/Diner - Double-glazed windows to the side and rear, a range of matching wall and base units, a door to the yard, two electric ovens and two integrated microwaves, two four plate eclectic hobs and extractor hoods, two fridges, freezer, cupboard housing Vaillant combi boiler, two stainless steel sinks, table and chairs.
Lower Basement -
Bedroom One - Double-glazed window to rear and door to the yard, laminate floor, radiator.
Shower Room - Vanity unit with inset wash hand basin, shower cubicle with thermostatic shower, heated towel rail, extractor fan, non-slip floor, W.C.
Utility Room - Two washing machines, extractor fan.
Lounge - Double glazed door to the front, sofa bed settee carpeted floor, radiator.
First Floor Landing - Stairs to the second floor, cupboard housing water cylinder.
Bedroom Four - Double-glazed window to rear, wash basin, carpeted floor, radiator.
Bathroom - Double glazed frosted window to side, panelled bath with shower attachment, wash hand basin, extractor fan, laminate floor, radiator, W.C.
W.C. - Double-glazed frosted window to side, wash hand basin, laminate floor, W.C.
Bedroom Five - Double-glazed window to rear, wash basin, carpeted floor, radiator.
Bedroom Six - Double-glazed window to the front, wash basin, carpeted floor, radiator.
Second Floor Landing - Double glazed velux window.
Bedroom Seven - Double-glazed window to rear, wash basin, carpeted floor, radiator.
Bedroom Eight - Double-glazed velux window, wash basin, carpeted floor, radiator.
Yard - Yard with the possibility of off-road parking and door access to bedroom one.
Useful Information - Tenure Freehold
Council Tax Band (C ) £2007.16
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 - This property is let for this 2023/2024 academic year at 8 X £124 PPW X 48 (per person per week) offering an annual gross income of £47,616.
The property is not currently let for the 2024/2025 academic year.
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).
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33044008. 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 September 23, 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 September 23, 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 5, 2018 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.