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Palatine Avenue, Lancaster

PROPERTY TYPE

Semi-Detached

BEDROOMS

4

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 STUDENT PROPERTY
  • VERY WELL MAINTAINED AND HAS CAVITY WALL INSULATON
  • FOUR LETTING BEDROOMS
  • UTILITY ROOM
  • LET FOR THE NEXT 2025/2026 ACADEMIC YEAR
  • GOOD LETTING HISTORY
  • POPULAR STUDENT AREA
  • WITHN WALKING DISTANCE TO THE CITY CENTRE
  • CAN BE SOLD AS PART OF A PORTFOLIO OF THREE

Description

Superb opportunity to purchase an income-producing investment property which has been very well maintained and is set in the popular area of Bowerham and close to the heart of Lancaster city centre.


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 is ideally situated within walking distance of everything Lancaster has to offer, including a wide range of amenities such as gyms, pubs, restaurants, shops, vibrant nightlife, health services, and more, providing the perfect balance of convenience right on your doorstep.

The property is let for this academic year 2024/2025, £120 X 4 PPPW (per person per week) with an annual gross income of £23,040, bills included.

The property is let for the next academic year 2025/2026, £120 X 4 PPPW (per person per week) with an annual gross income of £23,040, bills included.

With an excellent track record of letting history, this 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).

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

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

Utility Room - Double-glazed window to the front, range of wall and base units, stainless steel sink, washing machine and dryer, Valliant combi boiler, vinyl floor, radiator.

Lounge/Diner - Double-glazed windows to the rear, carpeted floor, radiator.

Kitchen - Double-glazed window to the rear, range of matching wall and base units, four plates electric hob and oven, extractor hood, dishwasher, stainless steel sink, fridge/freezer, vinyl floor, double-glazed door to the garden.

First Floor Landing - Double-glazed window to the rear, access to the loft, carpeted floor.

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

W.C. - Double-glazed window to the front, wash hand basin, vinyl floor, W.C.

Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator, storage cupboard.

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

Bathroom - Double-glazed window to the side, panelled bath with thermostatic shower, wash hand basin, heated towel rail, vinyl floor, W.C.

Outside - Low-maintenance front and rear garden with storage shed.

Investment Information - Tenure Freehold
Council Tax Band (B ) £1,873
The property is let for this academic year 2024/2025, £120 X 4 PPPW (per person per week) with an annual gross income of £23,040, bills included.

The property is let for the next academic year 2025/2026, £120 X 4 PPPW (per person per week) with an annual gross income of £23,040, bills included.

With an excellent track record of letting history, this 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).

Brochures

Palatine Avenue, 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.
On street
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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Palatine Avenue, Lancaster

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About Mighty House, Lancaster

53 Market Street Lancaster LA1 1JG
Industry affiliations:
Welcome to Mighty House Estates

Welcome to Mighty House Estates, where our commitment to providing exceptional property services in Lancaster and Morecambe is at the heart of everything we do. With a deep understanding of the local market, our experienced team is dedicated to helping you navigate the complexities of buying, selling, and renting properties.

Our story began with a vision to redefine the property experience. Over the years, we have grown and evolved, always staying true to our core values of integrity, transparency, and personalised service. We believe that every client is unique, and we take pride in offering tailored solutions that meet your specific needs.

At Mighty House, we are more than just an estate agency. We are a team of passionate professionals who are committed to making your property journey as smooth and stress-free as possible. Whether you are a first-time buyer, a seasoned investor, or looking to sell your home, we are here to provide expert guidance and support every step of the way.

Our extensive range of services includes property valuations, marketing, viewings, and negotiations, ensuring that you receive comprehensive support throughout the process. We also offer additional services such as property management and maintenance through our sister company, Mighty Maintenance, providing a complete solution for all your property needs.

We are proud to be a part of the vibrant Lancaster and Morecambe communities, and we look forward to helping you achieve your property goals. Thank you for choosing Mighty House - your trusted partner in property.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,233
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 33879930. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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