Blades Street, Lancaster, Lancashire, LA1 1TT

Location

Much sought after location equidistant between Lancaster city centre and the West Coast mainline railway station.

So easy access to the bus station for students to be able to access both Universities and all general amenities within the city centre.

Description

*** INCOME PRODUCING HMO STUDENT PROPERTY *** 8 LETTINGS BEDROOMS *** BATHROOM *** SHOWERROOM *** 3 WC'S *** HEART OF THE CITY CENTRE *** LONG LETTING HISTORY *** GREAT LOCATION ***

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 situated within walking distance of all Lancaster amenities including gyms, pubs, clubs, shops, eateries and health services. This is a very popular and sought after location.

This property is let for the 2025/2026 academic year at 8 x £120PPW x 48 weeks offering an annual gross income of £46,080 providing a gross yield of 11.5%.

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 certificate is in place along with EICR (electrical installation condition report).

Accommodation Text

Ground Floor
Bedroom 2
Bedroom 3
Dining Kitchen
Basement
Bedroom 1
Showeroom/w.c.
Utility Room
Lounge
First Floor
Bedroom 4
Bathroom/w.c.
Separate w.c.
Bedroom 5
Bedroom 6
Second Floor
Bedroom 7
Bedroom 8
Rear Yard Area providing off-road car parking.

Services

All mains services connected.

EPC Information

'D'

The Opportunity

Tenure Freehold
Council Tax Band (C ) £2007.16
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 Opportunity

This property is let for this 2025/2026 academic year at 8 x £120PPW x 48 weeks offering an annual gross income of £46,080.

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 certificate is in place along with EICR (electrical installation condition report).

Lease Terms

This property is let for the 2025/2026 academic year at 8 x £120PPW x 48 weeks offering an annual gross income of £46,080.

Legal Costs

Each party responsible for their own legal costs.