£345,000
Cheltenham Road, Lancaster, LA1
- 5 beds
£345,000
- 5 beds
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***INCOME PRODUCING STUDENT HMO *** 5 LETTINGS BEDROOMS *** 5 EN-SUITES ***2 BEDROOMS WITH KITCHENETTES *** POPULAR STUDENT AREA *** 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 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 the next academic year 2024/2025 academic year at 5 X ?135 PPW X 48 (per person per week) offering an annual gross income of ?32,400.
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 window to the side, range of matching wall and base units, breakfast bar, electric hob and extractor hood, integrated oven and grill, stainless steel sink, washing machine, fridge/freezer, understairs storage cupboard, door to rear yard, laminate floor, radiator.
Inner Hallway
Cupboard housing Ideal combi boiler, tiled floor, door to Cloakroom.
Cloakroom
Double-glazed window to the side, wash hand basin, tiled floor, W.C.
First Floor Landing
Radiator, stairs to the second floor.
Bedroom Two
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 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 front, kitchenette with integrated sink, microwave, fridge and under sink storage space, 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 Five
Double-glazed window to the rear, kitchenette with integrated sink, microwave, fridge and under sink storage space, 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.
Investment & Useful Information
Tenure FreeholdCouncil Rax Band (B) ?1756.26This property is let for the next academic year 2024/2025 academic year at 5 X ?135 PPW X 48 (per person per week) offering an annual gross income of ?32,400.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).
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