Penny Street, Lancaster
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
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- 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
- INCOME PRODUCING STUDENT HMO
- HEART OF THE CITY CENTRE
- VERY WELL MAINTAINED THROUGHOUT
- TWO SHOWER ROOMS
- FUTURE PROOF INVESTMENT
- EXCELLENT LETTING HISTORY
- LOCATION LOCATION LOCATION
- NO CHAIN
Description
This provides an opportunity for buyers to acquire a ready-made investment 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.
The property is let for this 2025/2026 academic year at 6 x £129 PPW x 48 (per person per week) having an expected annual gross income of £37,152.
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 Hallway - Stairs up to the first floor.
First Floor Hallway - Stairs to the second floor, utility area.
Utility Area - Washing machine and dryer, cupboard housing consumer unit and steps down to the shower room.
Shower Room - Windows to side and rear, shower cubicle with Mira electric shower, wash hand basin, laminate floor, radiator, extractor fan, W.C.
Bedroom One - Window to front, cupboard housing combi boiler, carpeted floor, radiator.
Bedroom Two - Window to front, carpeted floor, radiator.
Bedroom Three - Window to rear, carpeted floor, radiator.
Second Floor Landing - Stairs to the third floor.
W.C - Window to the rear, laminate floor, radaitor, W.C.
Kitchen/Diner/Lounge - Windows to front and rear, range of matching wall and base units, two electric ovens and extractor hood, dishwasher, two fridge/freezers, double stainless steel sink, dining table and chairs, radiators, two settees, laminate floor, TV.
Third Floor -
Shower Room - Window to rear, wash hand basin, shower cubicle with Mira electric shower, extractor fan, laminate floor, W.C.
Bedroom Four - Window to rear, carpeted floor, radiator.
Bedroom Five - Skylight, carpeted floor, radiator.
Bedroom Six - Window to front, carpeted floor, radiator.
Investment Information - This property is let for this 2023/2024 academic year at 6 x £119 PPW x 48 (per person per week) offering an annual gross income of £31,049.
The property is also advertised for the next 2024/2025 academic year at 6 x £129 PPW x 48 (per person per week) having an expected annual gross income of £37,152.
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).
Tenure Freehold
Council Tax Band (A ) £1505.37
Brochures
Penny 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Penny Street, Lancaster
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Visit our security centre to find out moreDisclaimer - Property reference 34477958. 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 Estates, 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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