£195,000
Newsham Place, Lancaster, LA1
- 3 beds
£195,000
- 3 beds
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***INCOME PRODUCING INVESTMENT PROPERTY*** ***STUDENT HOUSE*** ***POPULAR AREA OF BOWERHAM*** WITHIN WALKING DISTANCE TO THE CITY CENTRE AND WILLIAMSON PARK *** EXCELLENT LOCAL AMENITIES ***
Excellent investment opportunity located in the heart of Bowerham.
The property is let for this academic year to 3 students 2023/2024 for ?125 PPW (per person per week) which will bring in an annual gross income of ?18,000 Bills included.
The property is also let for the next academic year 2024/2025 ?140 PPW (per person per week) which will bring in an annual gross income of ?20,160 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 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 allows easy access into 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.
No onward chain!
Entrance Vestibule
Door to the hallway
Hallway
Stairs to the first floor, radiator, carpeted floor.
Bedroom One
Double glazed bay window to the front, carpeted floor, radiator.
Lounge
Double glazed window to the rear, laminate floor, radiator.
Kitchen/Diner
Double glazed window to the side, range of matching wall and base units, stainless steel sink, washing machine, fridge/freezer, Valliant combi boiler, four plates electric hob and oven, extractor hood, dining area with table and chairs, laminate floor, radiator.
First Floor Landing
Built-in storage cupboard.
Bedroom Two
Double-glazed window to front, carpeted floor, radiator.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator.
Bedroom Four/Storeroom
Double-glazed window to the rear, carpeted floor, radiator.
Bathroom
Double glazed frosted window to side, panelled bath with triton electric shower, wash hand basin, radiator, vinyl floor, W.C.
Outside
Patio area, gate to access road and storage shed.
Useful Information
Tenure FreeholdCouncil Tax Band (B ) ?1678.14
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£195,000
3 bed house for sale
Newsham Place, Lancaster, LA1
***INCOME PRODUCING INVESTMENT PROPERTY*** ***STUDENT HOUSE*** ***POPULAR AREA OF BOWERHAM*** WITHIN WALKING DISTANCE TO THE CITY CENTRE AND WILLIAMSON PARK *** EXCELLENT LOCAL AMENITIES ***
Excellent investment opportunity located in the heart of Bowerham.
The property is let for this academic year to 3 students 2023/2024 for ?125 PPW (per person per week) which will bring in an annual gross income of ?18,000 Bills included.
The property is also let for the next academic year 2024/2025 ?140 PPW (per person per week) which will bring in an annual gross income of ?20,160 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 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 allows easy access into 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.
No onward chain!
Entrance Vestibule
Door to the hallway
Hallway
Stairs to the first floor, radiator, carpeted floor.
Bedroom One
Double glazed bay window to the front, carpeted floor, radiator.
Lounge
Double glazed window to the rear, laminate floor, radiator.
Kitchen/Diner
Double glazed window to the side, range of matching wall and base units, stainless steel sink, washing machine, fridge/freezer, Valliant combi boiler, four plates electric hob and oven, extractor hood, dining area with table and chairs, laminate floor, radiator.
First Floor Landing
Built-in storage cupboard.
Bedroom Two
Double-glazed window to front, carpeted floor, radiator.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator.
Bedroom Four/Storeroom
Double-glazed window to the rear, carpeted floor, radiator.
Bathroom
Double glazed frosted window to side, panelled bath with triton electric shower, wash hand basin, radiator, vinyl floor, W.C.
Outside
Patio area, gate to access road and storage shed.
Useful Information
Tenure FreeholdCouncil Tax Band (B ) ?1678.14