Westham Street, Lancaster, LA1

*** INCOME-PRODUCING PROPERTY*** ***PERFECT LOCATION*** LET TO 2 STUDENTS FOR THIS 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.


The property is currently let to two students for this 2023/2024 academic year with an annual gross income of ?9,792.00. ?102.00 per person per week *excluding bills) based on a 48-week contract. Bills are not included, tenants pay their own 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).

*This property does not require an HMO license at this time.

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

This property has a great letting history and would make a great addition to your portfolio or a first buy-to-let.

This highly sought-after area is within Lancaster city centre which offers an excellent choice of amenities, shopping, pubs, restaurants and much more.

The city has very good transport links via road and rail making this an easy commute for professionals working at renowned hospitals and universities.

Now let for the next academic year, 2024/2025 two students with an annual gross income of ?10,272. ?107.00 per person per week *excluding bills) based on a 48-week contract. Bills are not included, tenants pay their own bills.

Lounge

Double-glazed window to front, fireplace with electric stove, cupboard housing consumer unit, radiator, carpeted floor.

Kitchen/Diner

Double-glazed window to rear, range of matching wall and base units, four plate electric hob, extractor hood and electric oven, stainless steel sink, tiled floor, radiator, stairs to the first floor, fridge/freezer.

Utility Area

Cupboard housing the washing machine and combi boiler, storage space, tiled floor and door to the yard.

Bathroom

Double-glazed frosted window to the side, panelled bath with thermostatic shower, wash hand basin, extractor fan, radiator, tiled floor, W.C.

First Floor

Bedroom One

Double-glazed window to the front, carpeted floor and radiator.

Bedroom Two

Double-glazed window to the rear, carpeted floor and radiator.

Outside

Stone storage shed, patio area and gate to access road.

Useful Information

Tenure FreeholdCouncil Tax Band (A ) ?1438.42The property also benefits from a new roof carried out in 2020The 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).

Investment Information

The property is currently let for the 2023/2024 academic year for ?102.00 PPW excluding bills (per person per week) with an annual gross income of ?9,792.00. The property is currently let for the 2024/2025 academic year for ?107.00 PPW excluding bills (per person per week) with an annual gross income of ?10,272.The property is sold with furniture and white goods included in the sale except for the tenant's personal belongings (such as any furniture they may have brought to the property).Tenancy agreements are 48 weeks in length.