Lindow Street, Lancaster, LA1

***INCOME PRODUCING HMO STUDENT PROPERTY*** ***6 LETTINGS BEDROOMS *** 2 SHOWER ROOMS** ONE EN-SUITE SHOWER ROOM*** HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY *** IMMACULATE THROUGHOUT **

Imposing Income-Producing Student Property in the Heart of Lancaster City Centre

This impressive student property is ideally situated in the heart of Lancaster city centre, making it a highly sought-after location for students.
Immaculate throughout, the property boasts an excellent letting history, ensuring a reliable and profitable investment.


The property is within walking distance of all the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries, and health services, ensuring convenience and an attractive lifestyle for its residents.

This property is let for this 2024/2025 academic year at 5 x ?135 PPW X & 1 X 145 per week for the en-suite room x 48 (per person per week) offering an annual gross income of ?39,360.
Water, TV license and internet included.
Utility allowance ?15.00 per person per week.
This property is also let for the next 2025/2026 academic year at 5 x ?135 PPW X & 1 X 145 per week for the en-suite room x 48 (per person per week) offering an annual gross income of ?39,360.
Water, TV license and internet included.
Utility allowance ?15.00 per person per week.

There is also another room which is currently used as a store room, but has plumbing for a bathroom suite with an electric shower.

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).

*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).

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

Entrance Vestubule

Tiled floor, door to the hallway.

Hallway

Tiled floor, radiator, stairs to the first floor.

Bedroom One

Double-glazed bay window to the front, ornate cast iron fireplace with wood surround, carpeted floor, radiator.

Lounge

Built-in cabinets, laminate floor, radiator and door to the kitchen.

Kitchen/Diner

Double-glazed windows to the side and rear, a range of matching wall and base units, breakfast bar, stainless steel sink, dishwasher, fridge/freezers, free-standing gas cooker, double-glazed door to the yard, laminate floor, radiator, door to the cellar.

Cellar

Double-glazed window to the front, excellent head height, washing machine and dryer, radiator, gas & electric meters, table and chairs.

First Floor Landing

Split level with stairs to the second floor, radiator.

Shower Room (1)

Double-glazed frosted window to the rear, shower cubicle with jacuzzi shower, wash hand basin, extractor fan, laminate floor, radiator, W.C.

Shower Room (2)

Shower cubicle with jacuzzi shower, wash hand basin, extractor fan, laminate floor, heated towel rail, W.C.

Bedroom Two

Double-glazed window to the front, carpeted floor, radiator, door to the en-suite.

En-Suite Shower Room

Double-glazed frosted window to the front, shower cubicle with Triton electric shower, wash hand basin, extractor fan, laminate floor, radiator, W.C.

Bedroom Three

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

Second Floor Landing

Double-glazed window to the rear.

Bedroom Four

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

Bedroom Five

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

Bedroom Six

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

Yard

Patio area and gate to access road.

Useful & Investment Information

Tenure FreeholdCouncil Tax Band (D ) ?2258.05This property is let for this 2024/2025 academic year at 5 x ?135 PPW X & 1 X 145 per week for the en-suite room x 48 (per person per week) offering an annual gross income of ?39,360.Water, TV license and internet included. Utility allowance ?15.00 per person per week.This property is also let for the next 2025/2026 academic year at 5 x ?135 PPW X & 1 X 145 per week for the en-suite room x 48 (per person per week) offering an annual gross income of ?39,360.Water, TV license and internet included. Utility allowance ?15.00 per person per week.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).*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).A current landlord's gas safety certificates are in place along with a new EICR (electrical installation condition report).

Potential Bathroom/ Currently A Store Room

Currently used as a store room, but has plumbing for a bathroom suite with an electric shower.