Prospect Street, Lancaster, LA1

*** INCOME-PRODUCING STUDENT PROPERTY*** ***PERFECT LOCATION*** LET TO 3 STUDENTS FOR 2023/2024 AND LET AGREED 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 area of South Lancaster and is within easy reach of both Lancaster University (by bus) and The University of Cumbria. The city centre is also just a 5 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 Vestubule

Door to the lounge.

Lounge/Diner

Double-glazed window to the front, fireplace with inset coal effect gas fire, laminate floor, radiator, cupboard housing gas & electric meters.

Kitchen

Double-glazed window to the rear, stairs to the first floor, range of matching wall and base units, fridge/freezer, washing machine and dryer, free-standing gas cooker, stainless steel sink, under stairs storage cupboard, tiled floor, radiator, door to the yard.

First Floor Landing

Stairs to the first Floor.

Bathroom

Double glazed frosted window to the rear, panelled bath, shower cubicle with electric shower, wash hand basin, vinyl floor, extractor fan, radiator, W.C.

Bedroom One

Double-glazed window to the front, carpeted floor, radaitor.

Second Floor Landing

Bedroom Two

Double-glazed Velux window, carpeted floor, radiator.

Bedroom Three

Secondary glazed window to the front, carpeted floor, radiator.

Rear Yard,

Patio area, gate to access road.

Investment Information

This property is let for this 2023/2024 academic year at 3 x ?120.00 PPW x 48 (per person per week) offering an annual gross income of ?17,280The property is also let for the next 2024/2025 academic year at 3 x ?130.00 PPW x 48 (per person per week) offering an annual gross income of ?18,720The 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