2 bedroom terraced house for sale
Key information
Property description & features
- NO CHAIN
- INCOME PRODUCING PROPERTY
- TWO BEDROOMS
- LET FOR THIS 2023/2024 ACADEMIC YEAR
- ALSO LET FOR THE NEXT 2024/2025 ACADEMIC YEAR
- WITHIN WALKING DISTANCE TO THE CITY CENTRE
- EXCELLENT LETTING HISTORY
- FUTURE PROOF INVESTMENT
- GOOD BUS ROUTES TO THE UNIVERSITIES
- POPULAR STUDENT LOCATION
Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, bus links to universities and all of its amenities.
This well-appointed mid-terraced property is deceptively spacious and located in the ever-popular area of South Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just a 5 minute walk away with good amenities and a great choice of bars and restaurants.
This property is let for this 2023/2024 academic year at 2 x £102 PPW x 48 (per person per week) offering an annual gross income of £9,792. (Not Including Bills).
The property is also let for the next 2024/2025 academic year at 2 x £152 PPW x 48 (per person per week) with an annual gross income of £14,592. (Including Bills).
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).
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 Hallway - Laminate floor.
Bathroom - Double-glazed window to the front, panelled bath with thermostatic shower, vanity unit with inset wash hand basin and storage, cupboard housing gas & electric meters, tiled floor, radiator, extractor fan, W.C.
Kitchen - Range of matching wall and base units, composite sink, four plate electric hob and oven, extractor hood, fridge/freezer, washing machine. tiled floor.
Lounge - Double-glazed window and door to the rear, stairs to the first floor, laminate floor, radiator.
First Floor Landing - Built-in storage cupboard.
Bedroom One - Double-glazed window to the rear, cupboard housing combi boiler, carpeted floor, radiator.
Bedroom Two - Double-glazed window to the front, carpeted floor, radiator, access to the loft.
Rear Yard - Patio area an gate to access road.
Investment Information - This property is let for this 2023/2024 academic year at 2 x £102 PPW x 48 (per person per week) offering an annual gross income of £9,792. (Not Including Bills).
The property is also let for the next 2024/2025 academic year at 2 x £152 PPW x 48 (per person per week) with an annual gross income of £14,592. (Including Bills).
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).
Tenure Freehold
Council Tax Band (A ) £1505.37
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Broadband availability and predicted speed: obtained from Ofcom on February 24, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 24, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on August 18, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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