Dale Street, Lancaster, LA1

*** CLOSE TO CITY CENTRE*** ***INCOME PRODUCING STUDENT HMO*** ***EXCELLENT LETTING HISTORY*** ***4 BED ***1 BATH***POSSIBLE TO ADD EN-SUITES *** FOOL PROOF INVESTMENT *** POPULAR AREA *** CLOSE TO THE CITY CENTRE ***

Superb opportunity to purchase an income-producing investment property close to the heart of Lancaster city centre.



This great-looking mid-terraced property offers deceptively spacious accommodation over three levels and is set in a very desirable area of Lancaster. This student home offers a hideaway from the hustle and bustle and a great study environment.
Just a 10-minute walk to the bus stop!

The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, health services and much more!



The property is let for this academic year 2023/2024 ?115 PPW (per person per week) which will bring in an annual gross income of ?22,080. Bills included.

The property is let for the next academic year 2024/2025 ?125 PPW (per person per week) which will bring in an annual gross income of ?24,000 Bills included.
With an excellent track record of letting history, this really is a future-proof investment, that will continue to let well for years to come.
The property does have 5 bedrooms with 1 bathroom. There is plenty of scope to add an en-suite so you could also let out another bedroom.
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).

Entrance Vestibule

Original tiled floor, door to the hallway.

Hallway

Stairs to the first floor, radiator, carpeted floor.

Lounge

Double glazed bay window to the front, carpeted floor, radiator.

Bedroom One

Double-glazed window to rear, built-in wardrobe, carpeted floor, radiator.

Kitchen/Diner

Double-glazed windows to the side and rear, range of matching wall and base units, stainless steel sink, laminate floor, radiator, door to the cellar, plumbing for washing machine and space for dryer, fridge/freezer, four ring gas hob and electric oven, extractor hood, Valliant combi boiler, double glazed door to the yard.

Cellar

Large cellar with good head height, window to the front, radiator, gas & electric meters.

First Floor Landing

carpeted floor, built-in storage cupboard and door to access the stairs to the second floor.

Bedroom Two

Double-glazed window to rear, built-in wardrobes, carpeted floor, radiator.

Bathroom

Double-glazed skylight, panelled bath with Mira electric shower, wash hand basin, fully tiled, W.C.

Bedroom Three

Double-glazed window to rear, built-in wardrobes, carpeted floor, radiator.

Bedroom Four

Double-glazed bay window to front, built-in wardrobes, carpeted floor, radiator.

Second Floor

Door to access stairs to the second floor.

Bedroom Five

Double-glazed skylight, built-in storage cupboards, radiator, carpeted floor.

Outside

Spacious rear yard with patio area and gate to access the road.

Income & Useful Information

Tenure FreeholdIncome producing HMOThe property is let for this academic year 2023/2024 for ?115 PPW (per person per week) which will bring in an annual gross income of ?22,080. Bills includedThe property is let for the next academic year 2024/2025 ?125 PPW (per person per week) which will bring in an annual gross income of ?24,000 Bills includedThe property does have 5 bedrooms with 1 bathroom, but only 4 are currently let. There is plenty of scope to add an en-suite so you could also let out another bedroom.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).