8 bedroom terraced house for sale

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8 bedroom terraced house for sale

Blades Street, Lancaster
£500,000

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 property is an income-producing HMO student property located in the heart of Lancaster, with 8 letting bedrooms, 2 baths, and 3 WCs. The property is currently let for the 2023/2024 academic year at £124 per person per week, generating an annual gross income of £47,616. The property is sold with furniture and white goods, excluding the tenant's personal belongings. The property has a valid HMO license in place and is let on a room-by-room basis. The property also has a good rental history and is located within walking distance of all amenities in Lancaster, including gyms, pubs, clubs, shops, eateries, and health services. The property is being sold as part of a portfolio of four properties, offering unique advantages for potential buyers and providing an opportunity to acquire a ready-made investment portfolio with potential for rental income or future appreciation.
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