£320,000
Newsham Road, Lancaster, LA1
- 4 beds
£320,000
- 4 beds
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***INCOME PRODUCING HMO STUDENT PROPERTY*** ***4 LETTINGS BEDROOMS *** 4 EN-SUITES*** POPULAR AREA OF BOWERHAM *** EXCELLENT LETTING HISTORY *** WELL PRESENTED THROUGHOUT ***
Mighty House is pleased to present to you an excellent investment opportunity in the popular student area of Bowerham South Lancaster.
The property is easily within walking distance of Lancaster City Centre and all of its amenities, with good bus routes to the universities.
With an excellent track record of letting history, this is a future-proof investment, that will continue to let well for years to come.
This property is let for this 2023/2024 academic year at 4 x ?150.00 PPW x 48 (per person per week) offering an annual gross income of ?28,800
The property is also let for the next 2024/2025 academic year at 4 x ?160.00PPW x 48 (per person per week) offering an annual gross income of ?30,720
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).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Entrance Vestibule
Door to the hallway.
Hallway
Stairs to the first floor, carpeted floor, radiator.
Bedroom One
Double-glazed bay window to the front, built-in storage cupboard, carpeted floor, radiator, door to the en-suite.
En-Suite Shower Room
Shower cubicle with Triton electric shower, vanity unit with inset wash hand basin, extractor fan, vinyl floor, W.C.
Lounge
Double-glazed window to the rear, laminate floor, radiator.
Kitchen/Diner
Double-glazed windows to the rear and side, range of matching wall and base units, washing machine, dishwasher, four ring gas hob and extractor hood, electric oven and grill, fridge/freezer, stainless steel sink, understairs storage cupboard, vinyl floor, radiator, table and chairs.
First Floor Landing
Walk-in storage cupboard, access to the loft.
Bedroom Two
Double-glazed window to the front, carpeted floor, radiator, door to the en-suite.
En-Suite Shower Room
Shower cubicle with Triton electric shower, vanity unit with inset wash hand basin, extractor fan, vinyl floor, W.C.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator, door to the en-suite.
En-Suite Shower Room
Shower cubicle with Triton electric shower, vanity unit with inset wash hand basin, extractor fan, vinyl floor, W.C.
Bedroom Four
Double-glazed window to the rear, carpeted floor, radiator, door to the en-suite.
En-Suite Shower Room
Shower cubicle with Triton electric shower, vanity unit with inset wash hand basin, extractor fan, vinyl floor, W.C.
Yard
Spacious yard, patio area, water tap, storage shed, gate to access road.
Investment & Useful Information
The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.This property is let for this 2023/2024 academic year at 4 x ?150.00 PPW x 48 (per person per week) offering an annual gross income of ?28,800The property is also let for the next 2024/2025 academic year at 4 x ?160.00 PPW x 48 (per person per week) offering an annual gross income of ?30,720The 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).A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).Tenure FreeholdCouncil Tax Band (B ) ?1756.26
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