Avondale Road, Lancaster, LA1

***INCOME PRODUCING STUDENT HMO*** ***PERFECT LOCATION*** LET TO 3 STUDENTS FOR 2023/2024 AND ALSO LET FOR THE 2024/2025 ACADEMIC YEAR **** GREAT INVESTMENT *** CLOSE TO CITY CENTRE *** EXCELLENT LOCAL AMENITIES ***


Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, bus links to universities and all of its amenities.


This well-appointed mid-terraced property is deceptively spacious and located in the ever-popular Bowerham area of Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just an 8-10 minute walk away with good amenities and a great choice of bars and restaurants.

This property is let for this 2023/2024 academic year at 3 x ?120.00 PPW x 48 (per person per week) with an annual gross income of ?17,280.

The property is also let for the next 2024/2025 academic year at 3 x ?130.00 PPW x 48 (per person per week) with an annual gross income of ?18,720.

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).

A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

Entrance Vestibule

Door to the hallway.

Hallway

Stairs to the first floor, carpeted floor, radiator.

Bedroom One

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

Lounge

Double-glazed window to the rear, carpeted floor, radiator

Kitchen/Diner

Double-glazed windows to the rear and side, a range of matching wall and base units, fridge/freezer, washing machine and dryer, table and chairs, four ring gas hob and extractor hood, electric oven, Baxi combi boiler, stainless steel sink, dishwasher, understair storage cupboard, double glazed door to the yard, vinyl floor, radiator.

First Floor Landing

Walk-in storage cupboard.

Bedroom Two

Double-glazed window to the front, cast Iron fireplace, carpeted floor, radiator.

Bedroom Three

Double-glazed window to the rear, cast Iron fireplace, carpeted floor, radiator.

Bedroom Four

Currently used as a store room with a double-glazed window to the rear, carpeted floor, radiator.

Bathroom

Double-glazed frosted window to the side, panelled bath with thermostatic shower, wash hand basin, heated towel rail, vinyl floor, extractor fan, W.C.

Rear Yard

Gate to access road and patio area.

Investment Information

This property is let for this 2023/2024 academic year at 3 x ?120.00 PPW x 48 (per person per week) with an annual gross income of ?17,280.The property is also let for the next 2024/2025 academic year at 3 x ?130.00 PPW x 48 (per person per week) with an annual gross income of ?18,720.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).A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).Tenure FreeholdCouncil Tax Band (A ) ?1505.37