Regent Street, Lancaster, LA1

�395,000
House
2 Baths
2 Receptions
6 Bed

Key Features

  • **VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE**
  • Six Bedroom Semi-Detached HMO Over Four Floors
  • Two Reception Rooms, Fitted Kitchen, Spacious Rear Yard
  • Great Location, Close To Local Shops & Schools
  • Please Call To Avoid Missing Out

Description

We are delighted to bring to the market this six bedroom four story town house, located in a popular area of Lancaster which is let via Lancaster University and has just had a 5 year renewal on their student accommodation licence. Currently the tenants pay £115 pw based on a 48 week contract x 6 Students. There is an agreement in place for the HMO to be for 7 people, and the it is envisaged that rent could be increased to £125 pw based on a 48 week contract x 7 students. Current Rental Income £33,120. Potential Rental Income £42,000. The property is comprised over four levels, to the ground floor you will find a good size lounge, dining room and a fitted kitchen. To the basement you will find two good size double bedrooms and a shower room. The first floor has another two double bedrooms and a family bathroom. To the second floor are another two double bedrooms. To the rear is a compact garden area with gated access. Viewing is highly recommended.

Tenure : Freehold
Council Tax Band : C
EPC Current :63 / EPC Potential :83

Agent Note

In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Regent Street, Lancaster, LA1


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