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Blades Street, Lancaster 8 bed terraced house for sale
Blades Street, Lancaster
£420,000
Blades Street, Lancaster
£420,000
Our Summary
- It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation
Description
This income-producing HMO student property in the heart of Lancaster's city center offers a unique opportunity for investors. The property features 8 bedrooms, 2 bathrooms, and 3 WCs, with a long history of long-term lets. The current tenants have signed up for the 2024/2025 and 2025/2026 academic years, providing a guaranteed annual gross income of £28,800 and £46,080, respectively. The property is sold with furniture and white goods included, except for the tenants' personal belongings. A valid HMO license is currently in place, and landlord's gas safety certificates and EICR reports are up to date. The property is situated within walking distance of all city amenities, including gyms, pubs, clubs, shops, eateries, and health services. This is an excellent opportunity for investors to diversify their portfolio and benefit from the growing demand for student accommodation in Lancaster.