Damside Street, Lancaster
- PROPERTY TYPE
Apartment
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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Key features
- LICENSED STUDENT HMO
- 5 LETTING BEDROOMS
- 2 SHOWER ROOMS
- LET FOR THE NEXT 2025/2026 ACADEMIC YEAR
- CITY CENTRE LOCATION
- EXCELLENT LETTING HISTORY
- POSSIBILITY TO BE SOLD WITH THE PROPERTY ABOVE
- FUTURE PROOF INVESTMENT
- NO CHAIN
- POSSIBLE TO BUY A SHARE OF THE FREEHOLD
Description
Income-producing student property situated in the heart of the city centre with all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries and health services.
This property has the possibility of being sold as part of a portfolio with another property above, which offers 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.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
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).
(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 - Stairs to the first Floor
Hallway - Carpeted floor, intercom, electric radiator, store room housing the consumer unit and water cylinder.
Bedroom One - Double-glazed sash window, wash hand basin, carpeted floor, electric radiator.
Bedroom Two - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Three - Double-glazed windows, wash hand basin, carpeted floor, electric radiator.
Shower Room - Double shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Four - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Bedroom Five - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Kitchen/Diner/Lounge - Lounge area double-glazed windows
Investment Information - This property has the possibility of being sold as part of a portfolio with another property above, which offers 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.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
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).
(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).
Council Tax Band (B) £1,873
Tenure Leasehold
999 Years
Start Date January 2005
End Date January 3004
979 Years Remaining
Brochures
Damside Street, LancasterBrochure- COUNCIL 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: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Damside Street, Lancaster
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Visit our security centre to find out moreDisclaimer - Property reference 34027494. 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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