- INCOME PRODUCING LICENSED HMO +
- SEVEN BEDROOMS +
- TWO BATHROOMS +
- TWO KITCHENS +
- SMALL GARDEN +
- GOOD LETTING HISTORY +
- WITHIN WALKING DISTANCE TO THE CITY CENTRE AND TRAIN STATION +
- GREAT INVESTMENT +
- LARGE LOUNGE/DINER +
- NO ONWARD CHAIN +
*INCOME PRODUCING HMO STUDENT PROPERTY* *7 LETTINGS BEDROOMS * 2 BATHS*** WITHIN WALKING DISTANCE OF THE CITY CENTRE AND TRAIN STATION*** EXCELLENT LETTING HISTORY ***
The property rests within walking distance of all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops and the railway station.
This was let for the last 2024/2025 academic year at 7 x £125 PPW x 48 (per person per week), offering an annual gross income of £42,000
Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 7 tenants at £125pppw (48 weeks), offering a potential gross income of £42,000 per annum.
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 Vestibule - Door to the hallway.
Hallway - Stairs to the first floor, tiled flooring.
Bedroom One - Double-glazed window to the front, carpeted floor, radiator, cast-iron Victorian fireplace.
Lounge/Diner - Double-glazed windows to the front, wood surround fireplace, laminate floor, radiators.
Kitchen - Double-glazed window to the rear, range of matching wall and base units, stainless steel sink, Valliant combi boiler, four-ring gas hob and extractor hood, electric oven, laminate floor, radiator, microwave.
Kitchen/Utility - Double-glazed window to the rear, range of wall and base units, stainless steel sink, door to the yard, breakfast bar, laminate floor, washing machine, two fridge/freezers, freezer.
First Floor Landing - Double-glazed window to the rear, stairs to the second floor, two radiators.
Bedroom Two - Double-glazed window to the front, carpeted floor, radiator.
Bedroom Three - Double-glazed window to the front, carpeted floor, radiator, cast iron fireplace.
Bedroom Four - Double-glazed window to the front, carpeted floor, radiator, built-in cupboard.
Shower Room - Double-glazed window to the rear, shower cubicle with thermostatic shower, heated towel rail, extractor fan, wash hand basin, laminate floor, W.C.
Second Floor Landing - Double glazed velux window, radiator.
Bedroom Five - Double-glazed window to the front, carpeted floor, radiator.
Bathroom - Panelled bath with Mira electric shower, wash hand basin, laminate floor, heated towel rail, W.C.
Bedroom Six - Double-glazed window to the front, carpeted floor, radiator, built-in cupboards.
Bedroom Seven - Double-glazed velux window, carpeted floor, radiator.
Outside - Patio area and gate to access road.
Investment & Useful Information - Tenure Freehold
Council Tax Band (D) £2,408
This was let for the last 2024/2025 academic year at 7 x £125 PPW x 48 (per person per week), offering an annual gross income of £42,000
Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 7 tenants at £125pppw (48 weeks), offering a potential gross income of £42,000 per annum.
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).