South Road, Lancaster, Lancashire, LA1
- PROPERTY TYPE
End of Terrace
- BEDROOMS
8
- BATHROOMS
3
- 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
- HMO in place - next renewal date is 21st November 2027
- Substantial development opportunity
- Superb investment
- Six bedsits located; ground floor, first floor, second floor
- Additional one bedroom basement flat
- Garden and OFF ROAD PARKING for multiple vehicles
- Perfect location - close to hospital/university/station etc
- INCREDIBLE OPPORTUNITY for seasoned investor
Description
Seasoned investors, developers and cash buyers – take note!
Offered with incredible potential for those with the vision and resources to unlock its full value, this substantial investment opportunity occupies a prime location and offers a significant scope for refurbishment and improvement.
The property comprises six bedsit flats arranged over three floors, plus an additional one-bedroom basement flat, providing a total of seven separate accommodation units. The main accommodation is served by two communal shower rooms, while the basement flat benefits from its own private bathroom.
The property currently holds HMO status, due for renewal in November 2027, and is offered vacant, allowing the successful purchaser to plan and undertake the necessary works from the outset.
The extent of the refurbishment required is reflected in the instruction to appeal to experienced investors who can fully assess the project, recognise its potential and move forward with a clear strategy. While a substantial programme of works will be required, the opportunity to transform this property into a valuable investment is evident.
Key features include:
- Prime location
- Six bedsit flats over three floors
- Additional one-bedroom basement flat
- Two communal shower rooms
- Private bathroom to the basement flat
- HMO status in place, due for renewal in November 2027
- Offered vacant
- Significant renovation and investment potential
Please note: This is a project for buyers with the necessary financial means, experience and resources to complete the required works in a timely fashion. Early consideration is recommended for those seeking their next substantial refurbishment opportunity.
Unlock the potential. Realise the opportunity.
* Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead *
- 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: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off 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.
- No wheelchair access
South Road, Lancaster, Lancashire, LA1
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Visit our security centre to find out moreDisclaimer - Property reference LAN260389. 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 Entwistle Green, 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. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.