3 Bed Terraced House For Sale

***INCOME PRODUCING STUDENT HMO*** ***PERFECT LOCATION*** LET TO 3 STUDENTS FOR 2022/2023 AND LET AGREED FOR THE 2023/2024 ACADEMIC YEAR **** GREAT INVESTMENT *** CLOSE TO CITY CENTRE *** EXCELLENT LOCAL AMENITIES ***


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.

Opportunities such as these are going to be so much harder to create with the article 4 regulation now in place in Lancaster, so capitalise now before prices increase further.


This well-appointed mid-terraced property is deceptively spacious and located in the ever-popular Bowerham area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just an 8-10 minute walk away with good amenities and a great choice of bars and restaurants.
The new owner will also inherit the tenants, which are managed through Mightyhouse.

The property is also let agreed for the 2023/2024 academic year for £113PPW, including bills with an annual gross income of £16,272.
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).

Tenancy agreements are 48 weeks in length for the 2023/2024 academic years.

Entrance Vestibule - Door to hallway.

Hallway - Stairs to the first floor, carpeted flooring, radiator, original coving.

Letting Bedroom One - Double-glazed bay window to front, wall-mounted gas fire, built-in wardrobes, picture rail, carpeted flooring, radiator.

Lounge/Diner - Double-glazed window to rear, radiator, carpeted flooring.

Kitchen - Double glazed window to the rear, range of matching wall and base units, stainless steel sink, plumbing for washing machine, four plate electric hob and oven, extractor hood, space for fridge/freezer, walk-in under stairs storage cupboard, consumer unit, combi boiler, tiled flooring, double glazed door to the yard.

First Floor Landing - Built-in storage cupboard, access to the loft.

Letting Bedroom Two - Double glazed window to front, built-in wardrobes, carpeted flooring, radiator.

Letting Bedroom Three - Double-glazed window to rear, built-in wardrobes, carpeted flooring, radiator.

Bedroom Four - Double glazed window to rear, built-in wardrobes, carpeted flooring, radiator.

Bathroom - Double-glazed frosted window to side, panelled bath with Mira electric shower, wash hand basin, heated towel rail, vinyl flooring, fully tiled, extractor fan, W.C.

Outside - Spacious rear yard with double gates that allow off-road parking if needed.

Useful Information - Tenure- Freehold
Council Tax Band ( B) £1609.97

The property has currently gas safety certification in place along with a valid EICR certificate.

The property is being sold including furniture and white goods (with the exception of the tenant's personal belongings).

Income Information - The property is currently let for the 2022/2023 academic year for £93.00 PPW including bills (per person per week) with an annual gross income of £13,392. The new owner will also inherit the tenants, which are managed through Mightyhouse.

The property is also let agreed for the 2023/2024 academic year for £113PPW, including bills with an annual gross income of £16,272
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).

Tenancy agreements are 48 weeks in length for the 2022/2023 & 2023/2024 academic years.