House For Sale £175,000
Student HMO - Stirling Road, Lancaster

*INCOME PRODUCING INVESTMENT PROPERTY* *INVESTMENT PROPERTY* *STUDENT HMO* *NO CHAIN* *LET FOR 2022/2023 ACADEMIC YEAR* *3 BED 1 BATH* EXCELLENT LETTING HISTORY *


Situated in a popular student area within just:
10 minutes walk to the University of Cumbria
8-minute walk to the city centre
25 minutes bus to The University of Lancaster (via bus)
2 minutes walk to a convenience store


The property is currently let to three students for the 2023/2024 academic year with an annual gross income of £17,280 (£120 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 an HMO license at this time.

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

The accommodation comprises an entrance vestibule, hall, letting bedroom one/lounge, dining room/communal lounge and kitchen. On the first floor two further letting bedrooms and a bathroom. Externally there is a rear yard. The property benefits from gas central heating and double glazing. Outside has an enclosed rear yard with a useful storage building with scope for a variety of uses.

*HD 360 VIDEO TOUR AVAILABLE*

Entrance Vestibule - Upvc double glazed door, carpeted flooring.

Entrance Hallway - Door, radiator, stairs to the first floor, carpeted flooring.

Lounge/Letting Bedroom 1 - Upvc double glazed window to the front, radiator, carpeted flooring.

Dining Room/Communal Lounge - Upvc double glazed window to the rear, radiator, space for small table and chairs, carpeted flooring.

Kitchen - Upvc double glazed door, Upvc double glazed window to the side, a range of matching wall and base units, stainless steel sink and drainer, plumbing for washing machine, space for under counter fridge/freezer, free standing gas cooker, tiled splashback, laminate flooring.

First Floor Landing - Carpeted flooring, over stairs storage cupboard offering access into the loft via a hatch.

Letting Bedroom Two - Upvc double glazed window to the rear, radiator, feature fire place, carpeted flooring.

Letting Bedroom Three - Upvc double glazed window to the front, radiator, carpeted flooring.

Bathroom - Upvc double glazed window to the rear, radiator, electric shower over panelled bath, partially tiled wall, cupboard housing wall mounted gas boiler and storage, WC, wash basin, vinyl flooring.

Investment Information - The property is currently let to three students for the 2023/2024 academic year with an annual gross income of £17,280 (£120 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 an HMO license at this time.

AST:
Start Date: 01/09/2023
End Date: 02/08/2024

Useful Information - Tenure - FREEHOLD

Council Tax Band (A) £1438.42