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6 bed terraced house
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Our Summary
- INCOME PRODUCING STUDENT HMO 6 LETTING BEDROOMS 6 EN-SUITES GROUND FLOOR WC POPULAR BOWERHAM LOCATION EXCELLENT LETTING HISTORY STRONG RENTAL RETURNS WELL PRESENTED THROUGHOUT Mighty House Estates is delighted to present an outstanding investment opportunity within the highly sought-after student area of Bowerham, South Lancaster
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Description
The property is a six-bedroom, six-en-suite HMO located on the ground floor of a property with a rear ground floor extension. The accommodation includes a lounge, kitchen/diner, cloakroom, and yard with patio area. The interior features laminate flooring, double-glazed windows, and modern en-suite facilities in each bedroom.
The property has been well-presented and maintained with the student rental market in mind, and has a strong letting history and established rental income. The property is currently fully let for the 2025/2026 and 2026/2027 academic years, generating an annual gross income of £40,320 and £41,760, respectively. The property is freehold and valued at £400,000.