Franklin Street, Lancaster, LA1

Four bedroom great investment HMO with article 4 regulation in Lancaster, so capitalise now before prices increase further. The accommodation comprises an entrance vestibule, hall, letting bedroom one, lounge/diner, kitchen, utility area and bathroom. To the first floor are three further letting bedrooms. Externally there is a low maintenance and enclosed south-facing rear yard with access to the rear yard via an alley to the rear. The property benefits from double glazing and gas central heating. Great location. The property is currently let for the 2022/2023 academic year with an annual gross income of £16320 for 48 weeks (£85 per person per week *including bills). The property has an agreement in place to current students for 2023/2024 academic year at £110 per week for 52 weeks which will equate to an annual gross income of £22880 (£110 per person per week *including bills). *This property does not require a HMO license at this time but does have a council issued certificate of lawfulness as a change from C3 (normal residential use) to C4 (Use as a HMO).

Tenure : Freehold
Council Tax Band : A