83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Penny Street, Lancaster
Price Guide £415,000
6 Bedroom House - Mid Terrace
- INCOME PRODUCING STUDENT HMO
- HEART OF THE CITY CENTRE
- VERY WELL MAINTAINED THROUGHOUT
- TWO SHOWER ROOMS
- FUTURE PROOF INVESTMENT
- EXCELLENT LETTING HISTORY
- LOCATION LOCATION LOCATION
- NO CHAIN
***INCOME PRODUCING HMO STUDENT PROPERTY*** ***6 LETTINGS BEDROOMS*** 2 SHOWER ROOMS *** HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY ***
This provides an opportunity for buyers to acquire a ready-made investment 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.
The property is let for this 2025/2026 academic year at 6 x £129 PPW x 48 (per person per week) having an expected annual gross income of £37,152.
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
Stairs up to the first floor.
First Floor Hallway
Stairs to the second floor, utility area.
Utility Area
Washing machine and dryer, cupboard housing consumer unit and steps down to the shower room.
Shower Room
Windows to side and rear, shower cubicle with Mira electric shower, wash hand basin, laminate floor, radiator, extractor fan, W.C.
Bedroom One
Window to front, cupboard housing combi boiler, carpeted floor, radiator.
Bedroom Two
Window to front, carpeted floor, radiator.
Bedroom Three
Window to rear, carpeted floor, radiator.
Second Floor Landing
Stairs to the third floor.
W.C
Window to the rear, laminate floor, radaitor, W.C.
Kitchen/Diner/Lounge
Windows to front and rear, range of matching wall and base units, two electric ovens and extractor hood, dishwasher, two fridge/freezers, double stainless steel sink, dining table and chairs, radiators, two settees, laminate floor, TV.
Third Floor
Shower Room
Window to rear, wash hand basin, shower cubicle with Mira electric shower, extractor fan, laminate floor, W.C.
Bedroom Four
Window to rear, carpeted floor, radiator.
Bedroom Five
Skylight, carpeted floor, radiator.
Bedroom Six
Window to front, carpeted floor, radiator.
Investment Information
This property is let for this 2023/2024 academic year at 6 x £119 PPW x 48 (per person per week) offering an annual gross income of £31,049.
The property is also advertised for the next 2024/2025 academic year at 6 x £129 PPW x 48 (per person per week) having an expected annual gross income of £37,152.
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).
Tenure Freehold
Council Tax Band (A ) £1505.37
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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