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SOLD STC

St. Oswald Street, Lancaster

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

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TENURE
Describes 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

  • NO CHAIN
  • INCOME PRODUCING LICENSED STUDENT HMO
  • FIVE BEDROOMS
  • TWO BATHROOMS
  • LET FOR THIS 2023/2024 ACADEMIC YEAR
  • ALSO LET FOR THE 2024/2025 ACADEMIC YEAR
  • TEN MINUTE WALK INTO THE CITY CENTRE
  • EXCELLENT LETTING HISTORY
  • FUTURE PROOF INVESTMENT
  • GREAT LOCATION

Description

***INCOME PRODUCING HMO STUDENT PROPERTY*** ***5 LETTINGS BEDROOMS *** 2 BATHS*** HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY ***

.This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.

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

This property is let for this 2023/2024 academic year at 5 x £128 PPW x 48 (per person per week) offering an annual gross income of £30,720.

The property is also let for the next 2024/2025 academic year at 5 x £130 PPW x 48 (per person per week) offering an annual gross income of £31,200.

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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).

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

Entrance Vestubule - Door to hallway.

Hallway - Stairs to the first floor, laminate floor, radiator.

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 side, range of matching wall and base units, washing machine, stainless steel sink, four plates electric hob and oven, extractor hood, Vaillant combi boiler, laminate floor, radiator, door to the cellar, table and chairs, double-glazed door to the yard.

Cellar - Double-glazed window to front, power and light, gas and electric meters.

First Floor - Stairs to the second floor.

Bathroom - Double-glazed frosted window to rear, panelled bath with thermostatic shower, vanity unit with inset wash hand basin, extractor fan, heated towel rail, vinyl floor, W.C.

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

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

Second Floor Landing - Access to the loft.

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

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

Shower Room - Double-glazed frosted window to the rear, shower cubicle with electric shower, vanity unit with inset wash hand basin, heated towel rail, vinyl floor., extractor fan, W.C.

Rear Yard - Patio area, gate to access road.

Useful Information - Tenure Freehold
Council Tax Band (B ) £1756.26
This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.

Investment Information - The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.

This property is let for this 2023/2024 academic year at 5 x £128 PPW x 48 (per person per week) offering an annual gross income of £30,720.

The property is also let for the next 2024/2025 academic year at 5 x £130 PPW x 48 (per person per week) offering an annual gross income of £31,200.

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 currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).

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

Brochures

St. Oswald Street, LancasterBrochure
COUNCIL 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: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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St. Oswald Street, Lancaster

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lancaster Station0.8 miles
  • Bare Lane Station2.9 miles
  • Morecambe Station3.7 miles
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About the agent

Mighty House, Lancaster

53 Market Street Lancaster LA1 1JG

Mighty House, Lancaster

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

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Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference 33043263. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mighty House, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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