6 Bed HMO, Lancaster, LA1 1SH £390,000

• VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
• Six Bedroom Semi-Detached HMO Over Four Floors +
• Two Reception Rooms, Fitted Kitchen, Spacious Rear Yard +
• Great Location, Close To Local Shops & Schools +
• Please Call To Avoid Missing Out +

We are delighted to bring to the market this six bedroom four story town house, located in a popular area of Lancaster which is let via Lancaster University and has just had a 5 year renewal on their student accommodation licence.

Currently the tenants pay £115 pw based on a 48 week contract x 6 Students.

There is an agreement in place for the HMO to be for 7 people, and the it is envisaged that rent could be increased to £125 pw based on a 48 week contract x 7 students.

Current Rental Income £33,120.

Potential Rental Income £42,000.

The property is comprised over four levels, to the ground floor you will find a good size lounge, dining room and a fitted kitchen. To the basement you will find two good size double bedrooms and a shower room.

The first floor has another two double bedrooms and a family bathroom. To the second floor are another two double bedrooms.

To the rear is a compact garden area with gated access.

Viewing is highly recommended.

Council Tax Information: Band C

Agent Note
In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations. Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.