Potential 4-Bed HMO, Lancaster, LA1 5QA, £190,000

• Income Producing Investment +
• Sucessful Letting History For Over 10 Years! +
• GREAT OPPORTUNITY FOR PARENTS WHO HAVE CHILDREN ATTENDING UNIVERSITY +
• Student HMO +
• Conforms To Article 4 +
• Potential To Create Additional Letting Bedrooms +
• Double Glazed +
• Gas Central Heating +
• NO CHAIN +
• Viewing Highly Recommended +

*INCOME PRODUCING INVESTMENT PROPERTY* *LET FOR THE CURRENT 2024/2025 ACADEMIC YEAR* *STUDENT HMO* *SUCESSFUL LETTING HISTORY* For the 2025/2026 academic year, the property is not yet let, presenting a fantastic opportunity for investors or parents looking to secure quality accommodation for their children attending university in Lancaster.

Located just a 10-minute walk from Lancaster city centre and all of its amenities.

The property is currently let to three students for this 2024/2025 academic year with an annual gross income of £17,107.20 (£118.80 x 3 x 48 per person per week *including bills) based on a 48 week contract.

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 does not require a HMO license at this time.

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

This highly sought after area allows easy access into Lancaster city centre which offers an excellent choice of amenities, shopping, pubs, restaurants and much more.

The city has very good transport links via road and rail making this an easy commute for professionals working at the renowned hospitals and universities.

For the 2025/2026 academic year, the property is not yet let, presenting a fantastic opportunity for investors or parents looking to secure quality accommodation for their children attending university in Lancaster.

Accommodation :

Letting bedroom, lounge/diner, kitchen and a cellar/utility room. The first floor has two further double bedrooms and a bathroom. Outside has a brick built storage shed housing the Ideal gas boiler, patio area and second storage shed.

There may also be potential to add further letting bedrooms utilising the loft space or cellar room subject to any permissions.

Entrance Vestibule - Tiled flooring, door to hallway

Entrance Hallway - Original coving, stairs to the first floor, carpeted flooring, radiator.

Letting Bedroom One - Double glazed bay window to front, built in cupboards, carpeted flooring, radiator.

Lounge/Diner - Double glazed window to rear, wall mounted flame effect electric fire, built in storage cupboards, carpeted flooring, radiator, door to cellar.

Kitchen - Double glazed window to side, range of matching wall and base units with complimentary work surfaces, four plate electric hob and oven, extractor hood, stainless steel sink, space for fridge/freezer, laminate flooring.

Cellar/Utility - Plumbing for washing machine and dryer, power and light, consumer unit, door to yard.

First Floor Landing - Access to loft, walk in storage cupboard, carpeted flooring.

Letting Bedroom Two - Double glazed window to front, built in wardrobes, carpeted flooring, radiator.

Letting Bedroom Three - Double glazed window to rear, built in storage cupboard, radiator, carpeted flooring.

Bathroom - Double glazed frosted window to rear, panelled bath with Triton electric shower, vanity unit with inset wash hand basin, extractor fan, vinyl flooring, radiator, W.C.

Outside - Brick built storage shed housing the Ideal gas boiler, patio area and second storage shed.

Useful Information - Tenure- Freehold
Council Tax Band (A) £1505.37
Water meter - No

Investment Information - The property is currently let to three students for this 2024/2025 academic year with an annual gross income of £17,107.20 (£118.80 x 3 x 48 per person per week *including bills) based on a 48 week contract.

For the 2025/2026 academic year, the property is not yet let, presenting a fantastic opportunity for investors or parents looking to secure quality accommodation for their children attending university in Lancaster.

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).