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11 bed terraced house
40-42 King Street, Lancaster, Lancashire LA1
Auction
£450,000
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Our Summary
- For Sale By Auction on 21st May at 14:30 unless sold prior or withdrawn
- A middle terraced 3 storey building with separate front doors to 40 and 42 situated within a conservation area comprising of a 5 bedroom & 6 bedroom HMO investment opportunity producing a total rental income of £64,368 per annum
- There is potential to develop to the rear subject to any necessary consents
- EPC RatingEget ready to bid by visiting the auctioneers websiteguide prices & reserve pricesGuide PriceAn indication of the seller’s current minimum acceptable price at auction
- As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the mReserve PriceThe seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
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Description
The property is a middle-terraced, three-storey building with separate front doors to 40 and 42, situated within a conservation area in Lancaster City Centre. The building has a total of 11 letting rooms, including five bedrooms in one unit and six bedrooms in the other, as well as various shared facilities such as shower rooms, utility rooms, and kitchens. The property benefits from electric heating and a rear garden, and there is potential to develop the rear subject to necessary consents.
The EPC rating is E.