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Hallway
Lounge
Ktchen/Diner
Ktchen/Diner
Bedroom One
Bathroom
Bedroom Two
Loft Room
Garage
Garden
Outside 6.png
EE Rating
Total views:  250
Offers in region of
£120,000

2 bedroom flat for sale

Vale Road, Lancaster
Chain-free
Recently added
Flat
2 beds
1 bath
871
EPC rating: C
Added < 7 days

Key information

TenureLeasehold | 948 yrs left
Council taxBand A
BroadbandUltra-fast 10000Mbps *

Features and description

  • Great secure investment
  • Long letting history
  • Two bedrooms
  • First floor apartment
  • Loft room
  • Rear garden
  • Garage
  • Popular area
  • Well presented throughout
  • No chain
Great investment opportunity to acquire a well-presented and income-producing two-bedroom apartment, ideally situated on the first floor. The property is currently let under a new five-year lease to a government-appointed company, providing a guaranteed rental income of £1,000 per month, offering investors immediate and reliable returns.

The apartment benefits from its own private entrance and offers generous internal accommodation throughout. The layout comprises two spacious bedrooms, a comfortable lounge area, a newly fitted kitchen, and a modern bathroom. In addition, there is a useful loft room which provides additional storage or flexible space.

Externally, the property further benefits from a garage and a garden to the rear, along with a dedicated parking area, adding valuable practicality and appeal for occupants.

This is an excellent turnkey investment opportunity with secure tenancy in place and strong long-term rental potential.

Private Entrance - Steps up to the first floor.

Hallway - Double-glazed window to the side, radiator, carpeted floor, store room, walk-in linen cupboard, access to the loft.

Lounge - Double-glazed window to the front, fireplace with inset coal-effect gas fire, carpeted floor, radiator.

Ktchen/Diner - Double-glazed window to the rear, range of matching wall and base cabinets, four plate electric hob and extractor fan, electric oven, washing machine, fridge/freezer, stainless steel sink, built-in storage cupboard, vinyl floor, radiator.

Bedroom One - Double-glazed window to the front, built-in wardrobes, carpeted floor, radiator.

Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator and access to the loft room.

Loft Room - Very spacious room which is great for storage with two double-glazed velux windows, combi boiler, under eaves storage, carpeted floor.

Bathroom - Double-glazed frosted window to the side, panelled bath with Triton electric shower, wash hand basin, vinyl floor, radiator, W.C.

Outside - Lawn garden to the rear with off-road parking and access to the garage.

Garage - Up & Over Door

Useful & Investment Information - Tenure Leasehold
Lease Years 999 Years
Start date January 1978
End Date January 2974
years remaining 948
Council Tax Band (A ) £1,605
The property is currently let under a new five-year lease to a government-appointed company, providing a guaranteed rental income of £1,000 per month, offering investors immediate and reliable returns.

Property information from this agent

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Area statistics

Crime score
High crime
7/10
Home prices (average)
2 bedroom flats
£152,924

About this agent

Mighty House Estates - Lancaster
Mighty House Estates - Lancaster
53a Market Street Lancaster, Lancashire LA1 1JG
015242 32847
Full profileProperty listings
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.
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