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Railway Street, Lancaster 4 bed terraced house for sale
Railway Street,, Lancaster
£215,000
Railway Street,, Lancaster
£215,000
Our Summary
- INVESTMENT OPPORTUNITY – INCOME-GENERATING STUDENT PROPERTY 4 Letting Bedrooms | Excellent Rental History | Close to Lancaster City CentreA well-presented and fully furnished student property, ideally located within easy walking distance of Lancaster’s city centre
- Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 4 tenants at £110pppw (48 weeks), offering a potential gross income of £21,120 per annum
- Additional benefits:Sold fully furnished (excluding tenants’ personal items)Gas Safety Certificate in placeNew EICR (Electrical Installation Condition Report)Excellent investment potential with scope to increase incomeThis is a fantastic opportunity to secure a reliable, income-generating property in a sought-after student area
- This property is not currently let for the next 2025/2026 academic year but is advertised at 4 x £110 PPW X 48 (per person per week) offering a potential annual gross income of £21,120The 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)
Description
This is a fantastic investment opportunity in Lancaster's city centre, a popular area for students. The property is fully furnished and currently generates a gross income of £10,560 per annum, with the potential to increase to £21,120 per annum for the 2025/2026 academic year. The property has a great rental history, with tenants already secured for the 2024/2025 academic year. The property benefits from being close to universities, gyms, shops, restaurants, and nightlife, making it a consistently popular choice for students. The property is sold with furniture and white goods included, and has a new boiler with a warranty, as well as a new EICR (electrical installation condition report). This is a great opportunity for an investor to secure a reliable, income-generating property in a sought-after student area.