House For Sale £315,000
*WOW FACTOR* *TURN KEY INVESTMENT* *STUDENT HMO* *4 EN-SUITE LETTING BEDROOMS* *LOCATION LOCATION LOCATION*
This is probably the best Student HMO property to hit the market in Lancaster in 2023.
Fully refurbished in 2019 to create a functional 4 en-suite letting bedroom student HMO.
This great-looking mid-terraced property is deceptively spacious and located in the ever-popular Moorlands area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria by a 5-minute walk. 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 was let in 2022/2023 with an annual gross income of £25,536.
The property is let for the 2023/2024 academic year for £148 PPW (per person per week) which brings in an annual gross income of £28,416.
With an excellent track record of letting history, this really is a future-proof investment, that will continue to let well for years to come.
*This property does not require an HMO license at this time
The accommodation comprises a hall, en-suite letting bedroom 1, lounge/diner, kitchen to the ground floor. To the first floor are three further en-suite letting bedrooms. There is also a cellar that offers a cellar which is ideal for additional storage. Externally there are low-maintenance front and rear yards. The property benefits from double glazing and gas central heating.
Not to be missed in your search!
Entrance Vestibule - Door to hallway.
Entrance Hallway - Stairs to the first floor, radiator.
Letting Bedroom One - 3.46m x 3.20m (11'4" x 10'6") - Double glazed window to front, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Lounge/Diner - 3.89m x 3.03m (12'9" x 9'11") - Double glazed window to rear, carpeted flooring, radiator, tv point, open plan to the kitchen.
Kitchen - 5.14m x 2.64m (16'10" x 8'8") - Double glazed windows to rear and side, range of matching wall and base units, four plate electric hob and oven, extractor hood, Vaillant combi boiler, plumbing for washing machine and dryer, double glazed door to yard, space for fridge/freezer, door to cellar.
Cellar - 4.50m x 3.51m (14'9" x 11'6") - Storage area, gas and electric meters.
First Floor Landing - Walk in storage cupboard, carpeted flooring.
Letting Bedroom Two - 4.14m x 2.62m (13'7" x 8'7") - Double glazed window to rear, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Double glazed window to side, shower cubicle with thermostatic shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Letting Bedroom 3 - 3.77m x 2.46m (12'4" x 8'1") - Double glazed window to rear, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Letting Bedroom 4 - 3.24m x 3.19m (10'8" x 10'6") - Double glazed window to front, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Rear Yard - Raised flower beds and storage shed.
Useful Information - Tenure Freehold
Council Tax Band (A) £1438.42
Investment Information - This property was let in 2022/2023 with an annual gross income of £25,536.
The property is let for the 2023/2024 academic year for £148 PPW (per person per week) which brings in an annual gross income of £28,416.
With an excellent track record of letting history, this really is a future-proof investment, that will continue to let well for years to come.
*This property does not require an HMO license at this time
This is probably the best Student HMO property to hit the market in Lancaster in 2023.
Fully refurbished in 2019 to create a functional 4 en-suite letting bedroom student HMO.
This great-looking mid-terraced property is deceptively spacious and located in the ever-popular Moorlands area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria by a 5-minute walk. 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 was let in 2022/2023 with an annual gross income of £25,536.
The property is let for the 2023/2024 academic year for £148 PPW (per person per week) which brings in an annual gross income of £28,416.
With an excellent track record of letting history, this really is a future-proof investment, that will continue to let well for years to come.
*This property does not require an HMO license at this time
The accommodation comprises a hall, en-suite letting bedroom 1, lounge/diner, kitchen to the ground floor. To the first floor are three further en-suite letting bedrooms. There is also a cellar that offers a cellar which is ideal for additional storage. Externally there are low-maintenance front and rear yards. The property benefits from double glazing and gas central heating.
Not to be missed in your search!
Entrance Vestibule - Door to hallway.
Entrance Hallway - Stairs to the first floor, radiator.
Letting Bedroom One - 3.46m x 3.20m (11'4" x 10'6") - Double glazed window to front, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Lounge/Diner - 3.89m x 3.03m (12'9" x 9'11") - Double glazed window to rear, carpeted flooring, radiator, tv point, open plan to the kitchen.
Kitchen - 5.14m x 2.64m (16'10" x 8'8") - Double glazed windows to rear and side, range of matching wall and base units, four plate electric hob and oven, extractor hood, Vaillant combi boiler, plumbing for washing machine and dryer, double glazed door to yard, space for fridge/freezer, door to cellar.
Cellar - 4.50m x 3.51m (14'9" x 11'6") - Storage area, gas and electric meters.
First Floor Landing - Walk in storage cupboard, carpeted flooring.
Letting Bedroom Two - 4.14m x 2.62m (13'7" x 8'7") - Double glazed window to rear, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Double glazed window to side, shower cubicle with thermostatic shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Letting Bedroom 3 - 3.77m x 2.46m (12'4" x 8'1") - Double glazed window to rear, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with thermostatic shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Letting Bedroom 4 - 3.24m x 3.19m (10'8" x 10'6") - Double glazed window to front, carpeted flooring, radiator, door to en-suite.
En-Suite Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl flooring, W.C.
Rear Yard - Raised flower beds and storage shed.
Useful Information - Tenure Freehold
Council Tax Band (A) £1438.42
Investment Information - This property was let in 2022/2023 with an annual gross income of £25,536.
The property is let for the 2023/2024 academic year for £148 PPW (per person per week) which brings in an annual gross income of £28,416.
With an excellent track record of letting history, this really is a future-proof investment, that will continue to let well for years to come.
*This property does not require an HMO license at this time
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