House For Sale £210,000
***investment property*** ***student HMO or family home*** ***no chain*** ***let for 2021/2022 academic year*** ***4 bed 1 bath***
Opportunities such as these are so much harder to create with article 4 regulation in Lancaster, so capitalise now before prices increase further.
Current student property but would also make a great first or family home being in the vicinity of excellent local schooling including three primary schools and the catchment area of the well-renowned Girls & Boys Grammar Schools.
Located just a 15-minute walk from Lancaster city centre and all of its amenities.
Situated in a popular area within just:
15 minute walk to the University of Cumbria
23 minute bus to The University of Lancaster
10 minute drive to M6
The property was currently let for the 2021/2022 academic year with an annual gross income of £18240.00 (£95 per person per week *including bills).
The property is not yet let to four students for 2022/2023 academic year but is being offered to the rental market at £95 ppw which when let will equate to an annual gross income of £18240.00 when let for a full 48 weeks. (£95 per person per week *including bills).
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 but does have a council issued certificate of lawfulness as a change from C3 (normal residential use) to C4 (Use as a HMO).
The accommodation comprises an entrance vestibule, hall, letting bedroom one, lounge/diner, kitchen, utility area and bathroom. To the first floor three further letting bedrooms. Externally there is a low maintenance and enclosed south-facing rear yard with access to the rear yard via an alley to the rear. The property benefits from double glazing and gas central heating.
***HD 360 video tour available***
Ground Floor
Entrance Vestibule
Composite front door, door to hall, tiled flooring.
Hall
Radiator, stairs to the first floor, laminate flooring.
Letting Bedroom 1
Upvc double glazed bay window to the front, radiator, laminate flooring.
Lounge/Diner
Upvc double glazed window to the rear, radiator, space for tall fridge freezer, space for dining table and four chairs, phone/broadband point, carpeted flooring.
Kitchen
Two Upvc double glazed windows to the side, under stairs storage area, radiator, a range of matching wall and base units, integrated four plate electric hob, integrated electric oven and grill, chimney hood extractor, space for under counter fridge and freezer, tiled splashback, vinyl flooring.
Bathroom
Upvc double glazed frosted window to the side, chrome heated towel rail, thermostatic shower over panelled bath with glass screen, wash basin, WC, fully tiled walls, tiled flooring.
First Floor
Letting Bedroom 2
Upvc double glazed window to the front, radiator, wall to wall built-in wardrobes with partially mirrored doors, carpeted flooring.
Letting Bedroom 3
Upvc double glazed window to the rear, radiator, carpeted flooring.
Letting Bedroom 4
Upvc double glazed window, radiator, carpeted flooring.
Utility Area
Upvc double glazed door to the side leading to the yard, wall mounted Worcester gas boiler, plumbing for washing machine, vinyl flooring.
Outside
Front - low maintenance front yard.
Rear - fully enclosed and low maintenance South facing rear yard.
Useful Information
Council Tax Band - A - £1379.97 (2022)
EPC - Rating D - cert no. Water meter - tbc
Tenure - freehold
Change of use - Planning ref: 21/00530/pldc | Proposed lawful development certificate for change of use of a dwelling (C3) to a house in multiple occupation (C4) | 13 Franklin Street Lancaster Lancashire LA1 4TA
Investment Information
The property was currently let for the 2021/2022 academic year with an annual gross income of £18240.00 (£95 per person per week *including bills).
The property is not yet let to four students for 2022/2023 academic year but is being offered to the rental market at £95 ppw which when let will equate to an annual gross income of £18240.00 when let for a full 48 weeks. (£95 per person per week *including bills).
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 but does have a council issued certificate of lawfulness as a change from C3 (normal residential use) to C4 (Use as a HMO).
Opportunities such as these are so much harder to create with article 4 regulation in Lancaster, so capitalise now before prices increase further.
Current student property but would also make a great first or family home being in the vicinity of excellent local schooling including three primary schools and the catchment area of the well-renowned Girls & Boys Grammar Schools.
Located just a 15-minute walk from Lancaster city centre and all of its amenities.
Situated in a popular area within just:
15 minute walk to the University of Cumbria
23 minute bus to The University of Lancaster
10 minute drive to M6
The property was currently let for the 2021/2022 academic year with an annual gross income of £18240.00 (£95 per person per week *including bills).
The property is not yet let to four students for 2022/2023 academic year but is being offered to the rental market at £95 ppw which when let will equate to an annual gross income of £18240.00 when let for a full 48 weeks. (£95 per person per week *including bills).
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 but does have a council issued certificate of lawfulness as a change from C3 (normal residential use) to C4 (Use as a HMO).
The accommodation comprises an entrance vestibule, hall, letting bedroom one, lounge/diner, kitchen, utility area and bathroom. To the first floor three further letting bedrooms. Externally there is a low maintenance and enclosed south-facing rear yard with access to the rear yard via an alley to the rear. The property benefits from double glazing and gas central heating.
***HD 360 video tour available***
Ground Floor
Entrance Vestibule
Composite front door, door to hall, tiled flooring.
Hall
Radiator, stairs to the first floor, laminate flooring.
Letting Bedroom 1
Upvc double glazed bay window to the front, radiator, laminate flooring.
Lounge/Diner
Upvc double glazed window to the rear, radiator, space for tall fridge freezer, space for dining table and four chairs, phone/broadband point, carpeted flooring.
Kitchen
Two Upvc double glazed windows to the side, under stairs storage area, radiator, a range of matching wall and base units, integrated four plate electric hob, integrated electric oven and grill, chimney hood extractor, space for under counter fridge and freezer, tiled splashback, vinyl flooring.
Bathroom
Upvc double glazed frosted window to the side, chrome heated towel rail, thermostatic shower over panelled bath with glass screen, wash basin, WC, fully tiled walls, tiled flooring.
First Floor
Letting Bedroom 2
Upvc double glazed window to the front, radiator, wall to wall built-in wardrobes with partially mirrored doors, carpeted flooring.
Letting Bedroom 3
Upvc double glazed window to the rear, radiator, carpeted flooring.
Letting Bedroom 4
Upvc double glazed window, radiator, carpeted flooring.
Utility Area
Upvc double glazed door to the side leading to the yard, wall mounted Worcester gas boiler, plumbing for washing machine, vinyl flooring.
Outside
Front - low maintenance front yard.
Rear - fully enclosed and low maintenance South facing rear yard.
Useful Information
Council Tax Band - A - £1379.97 (2022)
EPC - Rating D - cert no. Water meter - tbc
Tenure - freehold
Change of use - Planning ref: 21/00530/pldc | Proposed lawful development certificate for change of use of a dwelling (C3) to a house in multiple occupation (C4) | 13 Franklin Street Lancaster Lancashire LA1 4TA
Investment Information
The property was currently let for the 2021/2022 academic year with an annual gross income of £18240.00 (£95 per person per week *including bills).
The property is not yet let to four students for 2022/2023 academic year but is being offered to the rental market at £95 ppw which when let will equate to an annual gross income of £18240.00 when let for a full 48 weeks. (£95 per person per week *including bills).
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 but does have a council issued certificate of lawfulness as a change from C3 (normal residential use) to C4 (Use as a HMO).
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