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Floorplan
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£265,0004 bedroom apartment for sale
Damside Street, Lancaster
Apartment
4 beds
2 baths
1118
EPC rating: C
Key information
Tenure: Leasehold | 979 yrs left
Council tax: Band B
Broadband: Super-fast 80Mbps *
Mobile signal:
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Features and description
- Income producing student property
- Set in the heart of the city
- Four letting bedrooms
- Two shower rooms
- Long letting history
- Let for the next 2025/2026 academic year
- Well presented throughout
- Set on the second floor
- Future proof investment
- Possible to buy a share of the freehold
*INCOME PRODUCING STUDENT PROPERTY* *4 LETTING BEDROOMS * 2 SHOWER ROOMS* HEART OF THE CITY CENTRE * EXCELLENT LETTING HISTORY * WELL PRESENTED *
Income-producing student property situated in the heart of the city centre with all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries, and health services.
This property has the possibility of being sold as part of a portfolio with another property below, which offers 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.
This property is let for the 2024/2025 academic year at 4 x £130.PPPW x 48 (per person per week) offering an annual gross income of £24,960.
The property is also let for the next 2025/2026 academic year at 4 x £125 PPPW x 48 (per person per week), offering an annual gross income of £24,000.
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).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Entrance Hallway - Stairs up to the second floor
Hallway - Carpeted floor, electric radiator.
Lounge - double-glazed velux window, carpeted floor, electric radiator.
Kitchen/Diner - Three double-glazed velux windows, a range of matching wall and base units, breakfast bar, integrated fridge/freezer, stainless steel sink, four plates electric hob and oven, extractor hood, cupboard housing water cylinder, vinyl floor, electric radiator.
Shower Room (1) - Shower cubicle with a thermostatic shower, extractor fan, vinyl floor.
Shower Room (2) - Shower cubicle with a thermostatic shower, wash hand basin, extractor fan, vinyl floor, W.C.
Bedroom Two - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom One - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom Three - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom Four - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Investment Information - This property is let for the 2024/2025 academic year at 4 x £130.PPPW x 48 (per person per week) offering an annual gross income of £24,960.
The property is also let for the next 2025/2026 academic year at 4 x £125 PPPW x 48 (per person per week), offering an annual gross income of £24,000.
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).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Council Tax Band (B) £1,873
Tenure Leasehold
999 Years
Start Date January 2005
End Date January 3004
979 Years Remaining
Income-producing student property situated in the heart of the city centre with all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries, and health services.
This property has the possibility of being sold as part of a portfolio with another property below, which offers 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.
This property is let for the 2024/2025 academic year at 4 x £130.PPPW x 48 (per person per week) offering an annual gross income of £24,960.
The property is also let for the next 2025/2026 academic year at 4 x £125 PPPW x 48 (per person per week), offering an annual gross income of £24,000.
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).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Entrance Hallway - Stairs up to the second floor
Hallway - Carpeted floor, electric radiator.
Lounge - double-glazed velux window, carpeted floor, electric radiator.
Kitchen/Diner - Three double-glazed velux windows, a range of matching wall and base units, breakfast bar, integrated fridge/freezer, stainless steel sink, four plates electric hob and oven, extractor hood, cupboard housing water cylinder, vinyl floor, electric radiator.
Shower Room (1) - Shower cubicle with a thermostatic shower, extractor fan, vinyl floor.
Shower Room (2) - Shower cubicle with a thermostatic shower, wash hand basin, extractor fan, vinyl floor, W.C.
Bedroom Two - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom One - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom Three - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Bedroom Four - Double-glazed velux window, carpeted floor, electric radiator, wash hand basin.
Investment Information - This property is let for the 2024/2025 academic year at 4 x £130.PPPW x 48 (per person per week) offering an annual gross income of £24,960.
The property is also let for the next 2025/2026 academic year at 4 x £125 PPPW x 48 (per person per week), offering an annual gross income of £24,000.
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).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Council Tax Band (B) £1,873
Tenure Leasehold
999 Years
Start Date January 2005
End Date January 3004
979 Years Remaining
Property information from this agent
About this agent
Mighty House is owned and run by Chartered Surveyors who are passionate about property and customer service. We are multiple property Landlords, property investors and developers ourselves and bring an exceptional range of skills and experience to the business. As a result we offer a range of services and customer service that we would want to receive ourselves.