Gressingham Drive, Lancaster, LA1

***INCOME PRODUCING STUDENT HMO*** ***EXCELLENT LETTING HISTORY*** ***5 BED ***2 BATH *** FOOL PROOF INVESTMENT *** POPULAR AREA *** GARDEN *** KITCHEN/DINER ***

Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster Lancaster city centre, bus links to universities and all of its amenities.
The property is sold with furniture and white goods included in the sale except the tenant's personal belongings (such as any furniture they may have brought to the property).

2 X Rooms ?110.00 per week
1 X Room ?125.00 per week
1 X Room ?120.00 per week
1 X Room ?135.00 per week
Bills included.

The property is currently let to 5 students with a gross annual income of ?30,600


*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).

Entrance Hallway

Vinyl flooring, stairs to first floor, under stairs storage housing electric meter, radiator, double glazed door to garden, walk in storage cupboard.

Lounge

Double glazed window to the front, Vinyl flooring, radiator.

Kitchen/Diner

Double glazed window to the rear, Vinyl flooring, radiator, range of matching wall and base units, composite sink, breakfast bar, four plate electric hob, extraction hood, electric oven, integrated fridge freezer, plumbing for dishwasher

Utility Room

Double glazed window, Vinyl flooring, radiator, combi boiler, work surface, washing machine, fridge, freezer.

Shower Room

Double glazed frosted window to the rear, double glazed frosted window to the side, fully tiled, step in shower cubicle, thermostatic shower, wash hand basin, W/C

Bedroom One

Double glazed bay window to front, fireplace, carpeted floor, radiator.

First Floor Landing

Double glazed window to front, carpeted floor, access to loft, built in cupboard.

Bedroom two

Two double glazed windows to the front, carpeted floor, radiator, desk, built in wardrobes

Bedroom Three

Double glazed window to the front, carpeted floor, radiator, built in wardrobe/cupboard.

Bedroom four

Double glazed window to rear, laminate flooring, radiator, built in wardrobe, desk.

Bedroom Five

Double glazed window to the rear, carpeted floor, radiator, built in wardrobes, desk.

Bathroom

Double glazed frosted window to the rear, vinyl flooring, fully tiled, radiator, paneled bath with shower attachment, wash hand basin, W/C

Investment Information

2 X Rooms ?110.00 per week1 X Room ?125.00 per week1 X Room ?120.00 per week1 X Room ?135.00 per weekBills included.The property is currently let to 5 students with a gross annual income of ?30,600 51 weeks per annumNot let for the next academic year at this present time.Has an HMO license.Been a student property for the last 2 years.?350 allowance for gas and electricity per month?55 is for broadband?60 is the water

Useful Information

Tenure FreeholdCouncil Tax Band ( B) ?1678.14

Outside

Four bed semi detached property with a large lawn area to the front, raised flowerbeds and gate to access the rear. Fully enclosed rear tiered laid to lawn garden, raised flowerbeds and various plants, trees and shrubs. Decked patio area, storage shed and water tap. Gate to access the front.