83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Slaidburn Drive, Lancaster
Price Guide £225,000
4 Bedroom House - Semi-Detached
- NO CHAIN
- INCOME PRODUCING STUDENT PROPERTY
- VERY WELL MAINTAINED AND HAS CAVITY WALL INSULATON
- FOUR LETTING BEDROOMS
- LET FOR THE NEXT 2025/2026 ACADEMIC YEAR
- GOOD LETTING HISTORY
- WITHIN WALKING DISTANCE TO THE UNIVERSITY
- GOOD BUS ROUTES
- SHORT DRIVE TO THE CITY CENTRE
- CAN BE SOLD AS PART OF A PORTFOLIO OF THREE
Superb opportunity to purchase an income-producing investment property which has been very well maintained and is located within walking distance to the university and a short drive to Lancaster city centre, which offers a wide range of amenities such as gyms, pubs, restaurants, shops, vibrant nightlife.
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 is let for this academic year 2024/2025, £125 X 3 PPPW (per person per week) with an annual gross income of £18,000, bills included.
The property is also let for the next academic year 2025/2026, £125 X 3 PPPW (per person per week) with an annual gross income of £18,000, bills included.
With an excellent track record of letting history, this is a future-proof investment that will continue to let well for years to come.
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 does not require an HMO license at this time*
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Hallway
Stairs to the first floor, carpeted floor, radiator.
Lounge/Diner
Double-glazed windows to the rear, carpeted floor, radiator.
Kitchen
Double-glazed window to the rear, range of matching wall and base units, four plates electric hob and oven, extractor hood, dishwasher, stainless steel sink, fridge/freezer, washing machine and dryer, vinyl floor, double-glazed door to the garden.
Bedroom One
Double-glazed window to the rear, carpeted floor, radiator.
First Floor Landing
Double-glazed window to the side, access to the loft, carpeted floor.
Bedroom Two
Double-glazed window to the front, carpeted floor, radiator, built-in wardrobes.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator, built-in wardrobes.
Bedroom Four
Double-glazed window to the front, carpeted floor, radiator, storage cupboard.
Shower Room
Double-glazed window to the side, shower cubicle with thermostatic shower, wash hand basin, heated towel rail, vinyl floor, extractor fan, cupboard housing Vaillant combi boiler.
W.C.
Double-glazed window to the side, vinyl floor, W.C.
Outside
Enclosed rear garden with lawn and patio area.
Investment Information
Tenure Freehold
Council Tax Band (B ) £1,873
The property has had anew roof in 2021
The property is let for this academic year 2024/2025, £125 X 3 PPPW (per person per week) with an annual gross income of £18,000, bills included.
The property is also let for the next academic year 2025/2026, £125 X 3 PPPW (per person per week) with an annual gross income of £18,000, bills included.
With an excellent track record of letting history, this is a future-proof investment that will continue to let well for years to come.
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 does not require an HMO license at this time*
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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