Ripley Street, Lancaster | INVESTORS... 4 bed terraced house for sale

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Ripley Street, Lancaster | INVESTORS... 4 bed terraced house for sale

2 Ripley Street, Lancaster LA1
£220,000

Our Summary

  • The property stands out as the only house on the street, offering a unique investment opportunity with added privacy

Description

Located just off the Pointer roundabout, 2 Ripley Street is a prime student investment in the heart of Lancaster, offering a central location that is highly desirable to students. The property is within walking distance of the University of Cumbria and Royal Lancaster Infirmary, and Lancaster University is easily accessible via a direct bus route. The property is a fully licensed HMO, comprising four spacious double bedrooms, a communal lounge, and a well-equipped galley-style kitchen. The layout is practical and well-planned, with a small rear yard offering a bit of outdoor space and potential for storage. The property is fully let for the 2025/2026 academic year, generating a gross rental income of £24,000 per annum. With gas central heating and uPVC double glazing, all bedrooms are doubles with built-in furniture, and the property has an up-to-date Gas Safety Certificate and EICR. Additionally, the property is exempt from Council Tax for full-time students and has an EPC Rating of E.