*INCOME PRODUCING STUDENT HMO* *PERFECT LOCATION* LET TO 3 STUDENTS FOR 2023/2024 AND ADVERTISED FOR THE 2024/2025 ACADEMIC YEAR GREAT INVESTMENT * CLOSE TO CITY CENTRE * EXCELLENT LOCAL AMENITIES ***
Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, bus links to universities and all of its amenities.
This well-appointed mid-terraced property is deceptively spacious and located in the ever-popular Bowerham area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just an 8-10 minute walk away with good amenities and a great choice of bars and restaurants.
This property is let for this 2023/2024 academic year at 3 x £120.00 PPW x 48 (per person per week) with an annual gross income of £17,280.
The property is also advertised for the next 2024/2025 academic year at 3 x £130.00 PPW x 48 (per person per week) offering an annual gross income of £18,720.
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).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Entrance Hallway -
Bedroom One - Double-glazed window to the front, carpeted floor, radiator.
Lounge/Diner - Double glazed window to the rear, stairs to the first floor, fireplace with inset coal effect gas fire, understairs storage, carpeted floor, radiator.
Kitchen - Double-glazed window to the rear, range of matching wall and base units, free-standing electric cooker, stainless steel sink, Worcester combi boiler, washing machine, fridge/freezer, vinyl floor.
Inner Hallway - Double-glazed door to the yard, tiled floor.
Bathroom - Double glazed frosted window to the rear, panelled bath with thermostatic shower, wash hand basin, heated towel rail, extractor fan, tiled floor, W.C.
First Floor Landing - Walk-in storage cupboard, access to the loft.
Bedroom Two - Double-glazed window to the front, carpeted floor, radiator.
Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator.
Shower Room - Double-glazed frosted window to the rear, shower cubicle with thermostatic shower, wash hand basin, extractor fan, radiator, vinyl floor, W.C.
Investment Information - This property is let for this 2023/2024 academic year at 3 x £120.00 PPW x 48 (per person per week) with an annual gross income of £17,280.
The property is also advertised for the next 2024/2025 academic year at 3 x £130.00 PPW x 48 (per person per week) offering an annual gross income of £18,720.
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).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Tenure Freehold
Council Tax Band (A) £1505.37
Agent Details
Mighty House, Lancaster
01524 967572
Next Steps?
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