4 Bed HMO, Lancaster, LA1 1QU, £180,000

33 De Vitre Street, Lancaster, Lancashire, LA1 1QU - 4 views - 5 months ago

Auction
HMO
70 m²
+3 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Room Rate

£260

Gross Rent

£1,040

Running Costs/mo

£1,208

Cashflow/mo

£-168

Cashflow/yr

£-2,011

Gross Yield

7%













Property History

Listed for £180,000

October 28, 2024

Description

  • Residential Investment +
  • Four Bedroom HMO +
  • Producing £12,480 Per Annum Gross (as at September 2024) +

CAN BE SOLD INDIVIDUALLY OR AS PART OF A PORTFOLIO
*LANCASTER PORTFOLIO*

For Sale by Public Online Auction on 15/01/2025 13:00

Location
Lancaster, a city in the north of England and the county town of Lancashire. Lancaster lies approximately 19 miles northeast of Blackpool and 20 miles north of Preston. The city is a notable student hub, being home to Lancaster University and a campus of the University of Cumbria.

De Vitre Street is situated to the north of Bowerham, an area primarily consisting of terraced housing. The area also contains some industrial units. The Lancaster Hospital is located to the southwest, while the University of Cumbria's Lancaster campus lies to the southeast. This location is on the fringe of one of the most popular areas for students moving from university accommodation into the city.

The area is well-served by public transportation, with regular bus services operating southbound to the Lancaster University campus, including stops at the University Underpass.

Description
The property is a mid-terrace four bedroom, two storey house built with solid brick and beneath a pitched slate roof. At the rear, there is a small, paved yard enclosed by brick walls, providing a private outdoor space.

Internally the ground floor consists of a living room/kitchen, and two bedrooms. The first floor contains two bedrooms, and two shared bathrooms. The rear yard is accessible from the kitchen and a ground floor bedroom.

The total area of the property is approximately 70 sq m (720 sq ft).

Tenure
The property is held Freehold under Title Number LAN214624.

Planning Authority
Lancaster City Council -

E:50

Refer to the legal documentation

Note
We have not inspected internally and the measurements and photographs have been provided to us by third party sources.

For further information please go to

Agent Details

Lambert Smith Hampton, Auctions

020 3834 8766

Next Steps?

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