83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Vale Road, Lancaster
Offers In The Region Of £120,000
2 Bedroom Flat - Purpose Built
- GREAT SECURE INVESTMENT
- LONG LETTING HISTORY
- TWO BEDROOMS
- FIRST FLOOR APARTMENT
- LOFT ROOM
- REAR GARDEN
- GARAGE
- POPULAR AREA
- WELL PRESENTED THROUGHOUT
- NO CHAIN
Great investment opportunity to acquire a well-presented and income-producing two-bedroom apartment, ideally situated on the first floor. The property is currently let under a new five-year lease to a government-appointed company, providing a guaranteed rental income of £1,000 per month, offering investors immediate and reliable returns.
The apartment benefits from its own private entrance and offers generous internal accommodation throughout. The layout comprises two spacious bedrooms, a comfortable lounge area, a newly fitted kitchen, and a modern bathroom. In addition, there is a useful loft room which provides additional storage or flexible space.
Externally, the property further benefits from a garage and a garden to the rear, along with a dedicated parking area, adding valuable practicality and appeal for occupants.
This is an excellent turnkey investment opportunity with secure tenancy in place and strong long-term rental potential.
Private Entrance
Steps up to the first floor.
Hallway
Double-glazed window to the side, radiator, carpeted floor, store room, walk-in linen cupboard, access to the loft.
Lounge
Double-glazed window to the front, fireplace with inset coal-effect gas fire, carpeted floor, radiator.
Ktchen/Diner
Double-glazed window to the rear, range of matching wall and base cabinets, four plate electric hob and extractor fan, electric oven, washing machine, fridge/freezer, stainless steel sink, built-in storage cupboard, vinyl floor, radiator.
Bedroom One
Double-glazed window to the front, built-in wardrobes, carpeted floor, radiator.
Bedroom Two
Double-glazed window to the rear, carpeted floor, radiator and access to the loft room.
Loft Room
Very spacious room which is great for storage with two double-glazed velux windows, combi boiler, under eaves storage, carpeted floor.
Bathroom
Double-glazed frosted window to the side, panelled bath with Triton electric shower, wash hand basin, vinyl floor, radiator, W.C.
Outside
Lawn garden to the rear with off-road parking and access to the garage.
Garage
Up & Over Door
Useful & Investment Information
Tenure Leasehold
Lease Years 999 Years
Start date January 1978
End Date January 2974
years remaining 948
Council Tax Band (A ) £1,605
The property is currently let under a new five-year lease to a government-appointed company, providing a guaranteed rental income of £1,000 per month, offering investors immediate and reliable returns.
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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