1 /8
£220,000
Lune Street, Lancaster, LA1
- 4 beds
£220,000
- 4 beds
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Estimate monthly mortgage payment:
£1,004 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£11,000
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***INCOME PRODUCING HMO STUDENT PROPERTY*** ***4 LETTING BEDROOMS *** TWO SHOWER ROOMS ***CLOSE TO THE CITY CENTRE *** WELL PRESENTED *** GREAT LOCATION FOR STUDENTS *** GREAT INVESTMENT ****GOOD LETTING HISTORY ***
Income-Generating HMO Property Near Lancaster City Centre
This well-presented investment property is ideally situated just a short walk from Lancaster city centre, offering easy access to all the amenities the area has to offer. From gyms, pubs, clubs, and shops to a variety of eateries and essential health services, everything is within reach.
Designed for student accommodation, the property is in excellent condition throughout and provides comfortable living spaces. It is currently let for the next 2025/2026 academic year at ?124 per person, per week, 4 X 48 weeks, generating a strong annual gross income of ?23,808.
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).
Income-Generating HMO Property Near Lancaster City Centre
This well-presented investment property is ideally situated just a short walk from Lancaster city centre, offering easy access to all the amenities the area has to offer. From gyms, pubs, clubs, and shops to a variety of eateries and essential health services, everything is within reach.
Designed for student accommodation, the property is in excellent condition throughout and provides comfortable living spaces. It is currently let for the next 2025/2026 academic year at ?124 per person, per week, 4 X 48 weeks, generating a strong annual gross income of ?23,808.
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).
Mortgage calculator
Find out the cost of a mortgage for your new home.
£1,004 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
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- Conveyancing fee
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