83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Coulston Road, Lancaster
Price Guide £225,000
4 Bedroom House - Mid Terrace
- INCOME PRODUCING STUDENT PROPERTY
- FOUR BEDROOMS
- TWO BATHROOMS
- EXCELLENT LETTING HISTORY
- POPULAR STUDENT AREA OF BOWERHAM
- GOOD LOCAL AMENITIES
- GOOD BUS ROUTES
- WITHIN WALKING DISTANCE TO THE CITY CENTRE
- REAR YARD
- NO CHAIN
Superb opportunity to purchase an income-producing investment property set in the popular area of Bowerham and close to the heart of Lancaster city centre.
Four bedrooms and two bathrooms and an excellent letting history, this is a great investment for the future.
The property rests within walking distance of all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries, health services and much more!
The property was let for the 2024/2025 academic year at 4 x £135 PPPW x 48 (per person per week), offering an annual gross income of £25,920.
Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 4 tenants at £135pppw (48 weeks), offering potential gross income of £25,920 per annum..
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 Hallway
Stairs to the first floor, carpeted floor, radiator.
Bedroom One
Double-glazed window to the front, carpeted floor, radiator.
Lounge/Diner
Double-glazed window to the rear, understairs storage cupboard, carpeted floor, radiator.
Kitchen
Double-glazed window to the rear, a range of matching wall and base units, composite sink, double-glazed door to the garden, Worcester combi boiler, fridge/freezer, four-ring gas hob and extractor hood, electric oven, washing machine, vinyl floor.
First Floor Landing
Door to access the stairs to the second floor.
Bedroom Two
Double-glazed window to the front, carpeted floor, radiator.
Bedroom Three
Double-glazed window to the rear, carpeted floor, radiator.
Shower Room
Double-glazed window to the side, shower cubicle with Triton electric shower, wash hand basin, extractor fan, radiator, vinyl floor, W.C.
Bathroom
Double-glazed window to the rear, bath with shower attachment, wash hand basin, extractor fan, vinyl floor, radiator, W.C.
Second Floor
Bedroom Four
Double-glazed dormer window, carpeted floor, radiator, desk.
Outside
Brick storage shed housing the consumer unit, patio area and gate to access road.
Investment & Useful Information
Tenure Freehold
Council Tax Band (B ) £1,873
The property was let for the 2024/2025 academic year at 4 x £135 PPPW x 48 (per person per week), offering an annual gross income of £25,920.
Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 4 tenants at £135pppw (48 weeks), offering potential gross income of £25,920 per annum..
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).
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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