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£195,000

Dorrington Road, Lancaster, LA1

  • 3 beds
Semi-detached house

£195,000

  • 3 beds
Semi-detached house
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Estimate monthly mortgage payment:

£890 per month

Minimum deposit amount:

£9,750
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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


Currently let for this Academic year 2024/2025 3 X 115 x 48 = ?16,560

For the 2025/2026 academic year, the property has not been advertised to 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).

Kitchen

Double glazed window, range of matching wall and base units, stainless steel sink, Valliant combi boiler, fridge and freezer, dishwasher, double glazed door to the side entrance, four ring gas hob and extractor hood, electric oven and microwave, tiled floor.

Lounge/Dining Room

Double glazed window, stairs to the first floor and stairs to the basement, carpeted floor, radiator.

Bedroom One

Double glazed windows, carpeted floor, radiator.

Basement Rooms

Utility Area

Washing machine, dryer and tiled floor.

Storage Room

Carpeted floor, radiator, steps down to cloakroom.

Cloakroom

Double glazed window, wash hand basin, tile floor, W.C.

Storge Room/Gym

Double glazed window, tiled floor, radiator, access to small store room housing the gas and electric meters.

First Floor Landing

Carpeted floor, radiator.

Bedroom Two

Double glazed windows, carpeted floor, radiator.

Bedroom Three

Double glazed windows, carpeted floor, radiator, built in storge cupboard.

Shower Room

Double glazed frosted window, walk in double shower cubicle with thermostatic shower, wash hand basin, extractor fan, heated towel rail, tiled floor, W.C.

W.C.

Double glazed frosted window, wash hand basin, vinyl floor, W.C.

Outside

Spacious garden area with various trees and plants.

Investment/ Useful Information

Tenure FreeholdCouncil Tax Band (B ) ?1,873Currently let for this Academic year 2024/2025 3 X 115 x 48 = ?16,560For the 2025/2026 academic year, the property has not been advertised to 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).

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£890 per month
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Mortgage and legal costs:
£999
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