House For Sale £190,000
***income producing investment property*** ***let for 2022/2023 academic year*** ***student HMO*** ***sucessful letting history***
Opportunities such as these are so much harder to create with article 4 regulation in Lancaster, so capitalise now before prices increase further.
Located just a 10-minute walk from Lancaster city centre and all of its amenities.
The property is currently let to three students for 2022/2023 academic year with an annual gross income of £12972 (£92 per person per week *including bills) based on a 47 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.
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) £1379.97
Water meter - No
ecp - D - cert no. Expires - 20 December 2022
Investment Information
The property is currently let to three students for 2022/2023 academic year with an annual gross income of £12972 (£92 per person per week *including bills) based on a 47 week contract.
The property is currently rented out on a 'guaranteed rent' basis'. The annual net income is £8178 (this includes electric, gas, broadband, home insurance, gas cert) this does not include water rates.
Opportunities such as these are so much harder to create with article 4 regulation in Lancaster, so capitalise now before prices increase further.
Located just a 10-minute walk from Lancaster city centre and all of its amenities.
The property is currently let to three students for 2022/2023 academic year with an annual gross income of £12972 (£92 per person per week *including bills) based on a 47 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.
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) £1379.97
Water meter - No
ecp - D - cert no. Expires - 20 December 2022
Investment Information
The property is currently let to three students for 2022/2023 academic year with an annual gross income of £12972 (£92 per person per week *including bills) based on a 47 week contract.
The property is currently rented out on a 'guaranteed rent' basis'. The annual net income is £8178 (this includes electric, gas, broadband, home insurance, gas cert) this does not include water rates.
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