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House For Sale £235,000
Balmoral Road, Lancaster LA1


Description
*** no chain *** two reception rooms *** extensive kitchen/diner *** cellar *** four double bedrooms *** set over three floors *** investment opportunity *** previously let to students *** wonderful family home *** popular area *** within walking distance to the city centre .

It is possible to create a 5 x bedroom with 5 x en-suite bathrooms with dormer roof conversion (subject to any planning and further measurements). Another option is 4 x 4 bed with 4 x en-suites. Or simply rent out the property as it is.

Substantial four bedroom terraced property located within walking distance of Lancaster city centre and train station.

This property would make an excellent family home that offers generous living accommodation and spacious rooms throughout.

The property has been previously let out as HMO before the implementation of Article 4 in Lancaster in November 2021.

The property offers excellent-sized rooms and bedroom one and four would certainly lend themselves to conversion to en-suite letting bedrooms

This highly sought after area allows easy access into Lancaster city centre which offers an excellent choice of schooling for all ages with both the renowned Girls 'and Boys' Grammar schools and excellent local primaries.

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.

This property has a great letting history and would make a great addition to your portfolio or a first buy to let.

Accommodation:

Lounge with an open fireplace, second reception room/dining room, extensive kitchen/diner and cellar rooms.
The first floor three double bedrooms with bedroom one offering the space to create an en-suite and a bathroom. Bedroom four on the second floor also has the capacity to make an en-suite from the

Vestibule

Original Victorian tiled flooring, door to hallway.

Entrance Hallway

Stairs to the first floor, original coving, radiator, carpeted flooring.

Lounge

Double glazed bay window to front, open fireplace with wooden surround, carpeted flooring, radiator.

Dining Room

Double glazed window to rear, wooden surround fireplace with inset gas fire, (currently disconnected), original coving, radiator, carpeted flooring.

Kitchen/Diner

Extensive open plan room with double glazed windows to rear and side, range of matching wall and base units, vinyl flooring, radiator, plumbing for washing machine, door to yard, four ring gas hob and electric oven, space for fridge/freezer, stainless steel sink and wall mounter water heater. Dining area with carpeted flooring, door to the cellar, radiator, gas fire (disconnected) with back boiler for the central heating.

Cellar

Window to front, good head height, gas and electric meters, light and storage areas.

First Floor Landing

Access to the loft which is not boarded, stairs to the second floor, carpeted flooring.

Bedroom One

Double glazed bay window to front and single glazed window to side, original coving, carpeted flooring, radiator.

Bedroom Two

Double glazed window to rear, cast Iron Victorian fireplace, radiator, carpeted flooring, open aspects to the rear with views across the city to Morecambe bay.

Bedroom Three

Double glazed window to rear, carpeted flooring, radiator, open aspects to the rear with views across the city to Morecambe bay.

Bathroom

Double glazed frosted window to side, panelled bath with Mira electric shower, wash hand basin, fully tiled, laminate flooring, radiator, W.C.

Second Floor Landing

Double glazed velux window, carpeted flooring.

Bedroom Four

Double glazed velux window, walk in storage cupboard which would make an ideal en-suite, subject to the necessary planning, carpeted flooring, radiator, open aspects to the rear with views across the city to Morecambe bay.

Outside

Rear yard with patio area and gate to access road.

Useful Information

Tenure-Freehold
Council Tax Band ( C) £1839.97
Hard wired smoke alarms and self closing fire doors have been fitted.
Previously let to students for £90.00 per room including bills.

Investment Information

Currently vacant but would make an excellent residential investment or HMO.
Hard wired smoke alarms and self closing fire doors have been fitted.
Previously let to students for £90.00 per room including bills.
It is possible to create a 5 x bedroom with 5 x en-suite bathrooms with dormer roof conversion. Then in pre utility price rise rents it would achieve £130 a week x 5 x 48 weeks = £31,200 gross rent. Subject to the necessary planning, Another option is 4 x 4 bed with 4 x en-suites, Gross rent income £24,960. Subject to the necessary planning.

Follow the link for more information:
        
zoopla.co.uk

  
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