£225,000
Ulster Road, Lancaster, LA1
- 2 beds
£225,000
- 2 beds
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The Location
Welcome to Ulster Road, situated in the highly sought-after Bowerham residential area. Families will appreciate its proximity to the local primary school, while potential landlords will value its closeness to universities and the hospital.
For those without a car, a nearby bus stop on Bowerham Road offers convenient transportation, although many opt for a pleasant walk to the city centre, University of Cumbria, or the hospital. Bowerham is a popular neighbourhood with various shops, amenities, and charming pubs, not to mention the delightful Williamson Park, just a 5-minute drive away.
Property Overview
This charming 2-bedroom period home boasts two inviting reception rooms (one currently used as a bedroom) and a convenient ground floor WC. On entering, you’re greeted by a welcoming hallway with stained glass internal door and beautiful deep coving. The central reception room is a great family space and large enough for formal and informal furniture. There is plenty of storage with original cupboards and a very useful understairs cupboard. There is a bayfront lounge to the front of the property which is currently being used as a bedroom. The modern kitchen is at the rear of the property. From the kitchen a door leads through to a lean to, which is used as a store area for bicycles and drying clothes.
To the first floor, there are two double bedrooms one of which could easily be made into two by installing a stud wall making this property three bedroom. The front bedroom has a staircase that leads up to the attic area. This is carpeted and has ample storage. There is a three-piece bathroom suite to the first floor in white. Externally, there is a small yard.
Investment Information
The property is currently let as a three bedroom property to students for this academic year at £115 per room per week for 46 weeks of the year. This is a total gross income of £15,870 per year. Current tenancy ends July 2024.
Additional Information:
Successfully used as a student rental
Gas Central Heating and Double Glazing
Converted Attic Room
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