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£220,000
Lune Street, Lancaster, LA1
- 4 beds
£220,000
- 4 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£1,004 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£11,000
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***INCOME PRODUCING HMO STUDENT PROPERTY*** ***4 LETTING BEDROOMS *** BATHROOM WITH A SHOWER CUBICLE & BATH ***CLOSE TO THE CITY CENTRE *** WELL PRESENTED *** GREAT LOCATION FOR STUDENTS *** GREAT INVESTMENT FOR PARENTS WHO HAVE STUDENTS GOING TO UNIVERSITY ***
Income-Generating HMO Property Near Lancaster City Centre
This well-presented investment property is ideally situated just a short walk from Lancaster city centre, offering easy access to all the amenities the area has to offer. From gyms, pubs, clubs, and shops to a variety of eateries and essential health services, everything is within reach.
Designed for student accommodation, the property is in excellent condition throughout and provides comfortable living spaces. It is currently let for the 2024/2025 academic year at ?120 per person, per week (for three tenants over 48 weeks), generating a strong annual gross income of ?17,280. With the fourth room let, the property would generate ?23,040 gross income per annum.
For the 2025/2026 academic year, the property is not yet let, presenting a fantastic opportunity for investors or parents looking to secure quality accommodation for their children attending university in Lancaster.
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).
Income-Generating HMO Property Near Lancaster City Centre
This well-presented investment property is ideally situated just a short walk from Lancaster city centre, offering easy access to all the amenities the area has to offer. From gyms, pubs, clubs, and shops to a variety of eateries and essential health services, everything is within reach.
Designed for student accommodation, the property is in excellent condition throughout and provides comfortable living spaces. It is currently let for the 2024/2025 academic year at ?120 per person, per week (for three tenants over 48 weeks), generating a strong annual gross income of ?17,280. With the fourth room let, the property would generate ?23,040 gross income per annum.
For the 2025/2026 academic year, the property is not yet let, presenting a fantastic opportunity for investors or parents looking to secure quality accommodation for their children attending university in Lancaster.
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).
Mortgage calculator
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£1,004 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
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