Investment HMO - Queen Street, Lancaster
- PROPERTY TYPE
House
- BEDROOMS
5
- BATHROOMS
2
- SIZE
1,283 sq ft
119 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 5 Bedroom Student HMO
- Income Producing Investment
- Recent New HMO License
- Re-Roof in 2021
- Sales Includes Furniture & White Goods
- Fully Let For 2023/2024 Academic Year
- Well Presented
- Substantial Three Storey Property
- Must See Floor Plan
- City Centre Position
Description
Superb opportunity to purchase an income-producing investment property located in the heart of Lancaster city centre.
This great-looking end terraced property offers deceptively spacious accommodation over three levels that is tucked away from the main street. This student home offers a hideaway from the hustle and bustle and a great study environment.
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 2023/2024 academic year at £125 PPW (per person per week) which will bring in an annual gross income of £30,000.
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 has recently been visited by the local authority and issued with a new HMO license (a new owner will have to apply for their own license after completion).
Utility Area - 2.00m x 0.82m (6'7" x 2'8") - Composite door, radiator, real wood flooring, plumbing for washing machine, space for tumble drier, sovereign air circulation system, stairs to the first floor, mains interlinked smoke detector.
Bedroom 4 - 4.46m x 2.60m (14'8" x 8'6") - Upvc double glazed window to the front, radiator, carpeted flooring.
Bedroom 5 - 4.40m x 2.51m (14'5" x 8'3") - Upvc double glazed window to the front, radiator, carpeted flooring, walk in under stairs storage cupboard.
Shower Room - 1.97m x 1.48m (6'6" x 4'10") - Radiator, step-in double shower with glass sliding screen, electric shower, WC, wash basin, extractor fan, real wood flooring.
First Floor -
Open Plan Living Kitchen/Lounge/Dining - 4.45m x 7.90m (14'7" x 25'11") - Upvc double glazed window to the rear, two Upvc double glazed windows to the front, stairs to the ground floor, two radiators, space for tall fridge freezer and under counter fridge/freezer. A range of matching wall and base units, space for free standing cooker and oven, chimney hood extractor, wall mounted ideal combi boiler, feature exposed stone chimney breast and wall, laminate flooring to the kitchen and dining area and carpet to the lounge area, mains interlinked smoke/heat detector, exposed beam, intercom system to the main entrance gate.
Bathroom - Upvc double glazed window to the rear, radiator, WC, wash basin, shower over wood panelled bath, partially tiled walls, tiled flooring, extractor fan, large inset mirror.
Landing - Radiator, carpeted flooring, stairs to the first floor, consumer unit, access to loft, mains interlinked smoke detector.
Second Floor Landing - Carpeted flooring, access to loft, mains interlinked smoke detector.
Hall - Carpeted flooring.
Bedroom 1 - 2.14m x 5.24m (7'0" x 17'2") - Two Upvc double glazed windows to the front, radiator, carpeted flooring, 9ft 4 ceiling height.
Bedroom 2 - 2.10m x 4.03m (6'11" x 13'3") - Upvc double glazed window to the rear, radiator, carpeted flooring, 9ft 4 ceiling height.
Bedroom 3 - 3.34m x 2.57m (10'11" x 8'5") - Upvc double glazed window to the front, radiator, carpeted flooring, 9ft 4 ceiling height.
Access To The Property - The property is accessible via a gate from Queen Street.
Outside - The property has it's own yard space, see the title plan.
Useful Information - Council Tax Band - A - £1379.97 (2022)
EPC - E - cert no. 2208-1043-7271-4876-3974 - expires 19th September 2026
Water Meter - Yes
Fully Re-Roofed in 2021
Valid landlord gas safety certificate in place as well as EICR (electrical installation condition report)
Investment Information - The property is rented for 2023/2024 academic year at £125 PPW (per person per week) which will bring in an annual gross income of £30,000.
*This property has recently been visited by the local authority and issued with a new HMO license (a new owner will have to apply for their own license after completion).
Furniture & White Goods - 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).
Brochures
Investment HMO - Queen Street, LancasterBrochureCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Investment HMO - Queen Street, Lancaster
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancaster Station0.3 miles
- Bare Lane Station2.4 miles
- Morecambe Station3.2 miles
About the agent
Mighty House, Lancaster
53 Market Street Lancaster LA1 1JG
Mighty House is owned and run by Chartered Surveyors who are passionate about property and customer service.
We have between us over 50 years experience in both selling property and letting and managing property. We are continually performing as one of the top Estate and Letting Agents in Lancaster.
We are multiple property Landlords, property investors and developers ourselves and bring an exceptional range of skills and experience to the business. As a result we offer a range of
Industry affiliations
Notes
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