House For Sale £275,000
Prospect Street, Lancaster

*INCOME PRODUCING STUDENT HMO * *4 BEDROOMS * 2 BATHROOMS * *NO CHAIN* *CURRENTLY LET FOR THIS ACADEMIC YEAR 2023/2024 * ANNUAL GROSS INCOME £24,000 * OFF ROAD PARKING FOR ONE CAR * WITHIN WALKING DISTANCE TO THE CITY CENTRE *

A superb opportunity to purchase an income-producing HMO investment property close to the heart of Lancaster city centre.

The property is close to universities and within walking distance of Lancaster City Centre and all of its amenities.
Convenience stores and takeaways are also within close proximity.
Good bus links nearby and close to Lancaster Infirmary RLI hospital and the University of Cumbria.

Currently, let for this 2023/2024 academic year with an annual gross income of £24,000 (£125 per person per week x 4 on a 48-week Assured Short Hold Tenancy Agreement). Gas and electricity allowance is £15 pppw.

The accommodation comprises a lounge and kitchen diner. The first floor has two bedrooms and a bathroom. There are two further bedrooms on the second floor with a Jack & Jill en-suite shower room. Outside has a spacious yard with off-road parking for one car and a patio area.
The property has an excellent track record of letting history, which is a future-proof investment, that will continue to let well for years to come.


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).

Lounge/Diner - Double-glazed window to the front, built-in units, cupboard housing the gas meter, laminate floor, radiator.

Inner Hallway - Stairs to the first floor.

Kitchen - Double-glazed window to the rear, range of matching wall and base units, stainless steel sink, plumbing for washing machine, space for fridge/freezer, double-glazed door to the yard, electric cooker, grill and hob, extractor hood, tiled floor, radiator.

First Floor Landing - Stairs to the second floor.

Bedroom One - Double-glazed window to the front, wardrobe, desk, radiator, carpeted floor.

Bedroom Two - Double-glazed window to the rear, wardrobe, desk, radiator, carpeted floor.

Bathroom - Panelled bath with thermostatic shower, wash hand basin, heated towel rail, tiled floor, extractor fan, W.C.

Second Floor Landing -

Bedroom Three - Double-glazed window to the rear, wardrobe, desk, radiator, carpeted floor, door to Jack & Jill en-suite shower room.

Bedroom Four - Double-glazed window to the front, wardrobe, desk, radiator, carpeted floor, door to Jack & Jill en-suite shower room.

Jack & Jill En-Suite Shower Room - Shower cubicle with thermostatic shower, vanity unit with inset wash hand basin, vinyl floor, W.C.

Outside - Off-road paring for one car to the rear and patio area.

Investment/Useful Information - Tenure Freehold
Council Tax Band (A) £1438.42
Currently, let for this 2023/2024 academic year with an annual gross income of £24,000 (£125 per person per week x 4 on a 48-week Assured Short Hold Tenancy Agreement). Gas and electricity allowance is £15 pppw.
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).