>
Ashfield Avenue, Lancaster 7 bed end of terrace house for sale
Ashfield Avenue, Lancaster
£420,000
Ashfield Avenue, Lancaster
£420,000
Our Summary
- This was let for the last 2024/2025 academic year at 7 x £125 PPW x 48 (per person per week), offering an annual gross income of £42,000Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 7 tenants at £125pppw (48 weeks), offering a potential gross income of £42,000 per annum
- Investment & Useful Information - Tenure FreeholdCouncil Tax Band (D) £2,408This was let for the last 2024/2025 academic year at 7 x £125 PPW x 48 (per person per week), offering an annual gross income of £42,000Looking ahead, the property is advertised for the 2025/2026 academic year at a full occupancy rate of 7 tenants at £125pppw (48 weeks), offering a potential gross income of £42,000 per annum
Description
This income-producing HMO student property is located within walking distance of Lancaster's city center and train station, offering excellent letting history. The property features 7 bedrooms, 2 bathrooms, and a lounge/diner with a wood surround fireplace. The kitchen is equipped with a range of matching wall and base units, stainless steel sink, and a Valliant combi boiler. The property is sold with furniture and white goods included, except for tenant's personal belongings. With a valid HMO license in place, the property offers a potential gross income of £42,000 per annum, with the current asking price being £425,000. The property is currently let for the 2025/2026 academic year at a full occupancy rate of 7 tenants at £125 per person per week, offering a potential gross income of £42,000 per annum.