£399,950
Bowerham Road, Lancaster, LA1
- 6 beds
£399,950
- 6 beds
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***INCOME PRODUCING STUDENT HMO *** 6 LETTINGS BEDROOMS *** 6 EN-SUITES ***WC *** POPULAR STUDENT AREA OF BOWERHAM *** EXCELLENT LETTING HISTORY *** GREAT LOCATION *** 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 academic year 2024/2025 at 6 X ?135 PPW X 48 (per person per week) offering an annual gross income of ?38,880.
The property is also let for the next academic year 2025/2026 6 X ?140 X 48 (per person per week) offering an annual gross income of ?40,320
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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
Entrance Hallway
Laminate floor, radiator, stairs to the first floor.
Bedroom One
Double-glazed bay window to the front, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Lounge
Double-glazed window to the rear, laminate floor, radiator.
Kitchen/Diner
Double-glazed windows to the side, range of matching wall and base units, breakfast bar, electric oven and hob, extractor hood, stainless steel sink, washing machine, fridge/freezer, cupboard housing Ideal combi boiler, storage cupboard housing water cylinder, door to rear yard and door to cloakroom, steps up to bedroom two.
Cloakroom
Laminate floor, wash hand basin, W.C.
Bedroom Two
Double-glazed window to the side, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
First Floor Landing
Stairs to the second floor.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Bedroom Four
Double-glazed window to the rear, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Bedroom Five
Double-glazed bay window to the front, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Second Floor Landing
Bedroom Six
Double-glazed window to the rear, carpeted floor, radiator.
En- Suite Shower Room
Shower cubicle with thermostatic shower, wash hand basin, heated towel rail laminate floor, extractor fan, W.C.
Yard
Patio area and gate to access road.
Useful & Investment Information
Tenure FreeholdCouncil Tax Band (C) ?2007.16Ground floor extension to the rear.This property is let for this academic year 2024/2025 at 6 X ?135 PPW X 48 (per person per week) offering an annual gross income of ?38,880.The property is also let for the next academic year 2025/2026 6 X ?140 X 48 (per person per week) offering an annual gross income of ?40,320The property is also let for the next academic year 2025/2026 6 X ?140 X 48 (per person per week) offering an annual gross income of ?40,320The 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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
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