- NO CHAIN +
- INCOME PRODUCING LICENSED STUDENT HMO +
- FIVE BEDROOMS +
- TWO BATHROOMS +
- WITHIN WALKING DISTANCE TO THE CITY CENTRE +
- ALSO LET FOR THE 2024/2025 ACADEMIC YEAR +
- TEN MINUTE WALK INTO THE CITY CENTRE +
- EXCELLENT LETTING HISTORY +
- FUTURE PROOF INVESTMENT +
- GREAT LOCATION +
*INCOME PRODUCING HMO STUDENT PROPERTY* *5 LETTING BEDROOMS * 2 BATHS*** HEART OF THE CITY CENTRE** * EXCELLENT LETTING HISTORY ***
.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.
The property is also let for 2025/2026 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.
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).