Cable Street, Lancaster
- PROPERTY TYPE
Terraced
- BEDROOMS
8
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- NO CHAIN
- LICENSED STUDENT HMO
- EIGHT BEDROOMS
- THREE BATHROOMS
- LET FOR THIS 2023/2024 ACADEMIC YEAR
- ALSO LET FOR THE NEXT 2024/2025 ACADEMIC YEAR
- FUTURE PROOF INVESTMENT
- CITY CENTRE LOCATION OPPOSITE BUS STATION
- EXCELLENT LETTING HISTORY
- ONE MINUTE WALK TO THE CITY CENTRE
Description
This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.
This property is let for this 2023/2024 academic year at 8 x £115 PPW x 48 (per person per week) offering an annual gross income of £44,160
The property is also let for the next 2024/2025 academic year at 8 x £125 PPW x 48 (per person per week) offering an annual gross income of £48,000.
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 EICR (electrical installation condition reports).
Entrance Hallway - Door to the rear yard, stairs to the first floor.
Bedroom One - Double-glazed window to front, carpeted floor, radiator.
Bedroom Two - Double-glazed window to front, carpeted floor, radiator.
Bedroom Three - Double-glazed window to the rear, carpeted floor, radiator.
Bedroom Four - Double-glazed window to the rear, carpeted floor, radiator.
Shower Room - Shower cubicle with thermostatic shower, wash hand basin, radiator, extractor fan, vinyl floor, W.C.
First Floor - Walk-in storage cupboard housing water cylinder
Lounge/Diner - Double-glazed windows to front and side, carpeted floor, radaitor.
Shower Room - Shower cubicle with thermostatic shower, wash hand basin, radiator, extractor fan, vinyl floor, W.C.
Kitchen - Double-glazed windows to side, a range of matching wall and base units, two washing machines, a microwave, fridge/freezer, two stainless steel sinks, two four plates electric hobs and ovens with extractor fans, cupboard housing Valliant boiler, laminate floor, radiator, walk on storage cupboard housing water cylinder.
Second Floor - Access to the loft
Bedroom Five - Double-glazed window to the side, carpeted floor, radiator.
Bedroom Six - Double-glazed window to the side, carpeted floor, radiator.
Bedroom Seven - Double-glazed window to front, carpeted floor, radiator, carpeted floor, radiator.
Bedroom Eight - Double-glazed window to front, carpeted floor, radiator.
Shower Room - Double-glazed window to front, shower cubicle with thermostatic shower, wash hand basin, radiator, extractor fan, vinyl floor, W.C.
Investment Information - This property is let for this 2023/2024 academic year at 8 x £115 PPW x 48 (per person per week) offering an annual gross income of £44,160
The property is also let for the next 2024/2025 academic year at 8 x £125 PPW x 48 (per person per week) offering an annual gross income of £48,000.
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 EICR (electrical installation condition reports).
Useful Information - Tenure Freehold
Council Tax Band (D ) £2258.05
This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
Brochures
Cable Street, LancasterBrochureCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: D
Cable Street, Lancaster
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancaster Station0.3 miles
- Bare Lane Station2.2 miles
- Morecambe Station3.1 miles
About the agent
Mighty House, Lancaster
53 Market Street Lancaster LA1 1JG
Mighty House is owned and run by Chartered Surveyors who are passionate about property and customer service.
We have between us over 50 years experience in both selling property and letting and managing property. We are continually performing as one of the top Estate and Letting Agents in Lancaster.
We are multiple property Landlords, property investors and developers ourselves and bring an exceptional range of skills and experience to the business. As a result we offer a range of
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 33043327. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mighty House, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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