Full property description

A fantastic five bedroom terraced house in South Lancaster, fully HMO licensed until 29/05/2028. Ideal for investors, the property has been let as a successful HMO by the present owner for over twenty years. With the University of Cumbria on your doorstep and regular public transport to Lancaster University, you can see why the area is so popular with Lancaster's ever-growing student community and from a location perspective you'll struggle to do better than something looking over Bishops Walk at the University of Cumbria for your likely audience!. Beyond the popular area there are many green spaces around including Scotch Quarry, Williamson's Park and the campus grounds which can be enjoyed in the warmer weather. With shops, pubs and restaurants nearby, and the vibrant city centre a short walk away, tenants are perfectly placed to make the most of their time in Lancaster.

Five double bedrooms offer comfortable sleeping spaces, serviced by the two practical bathrooms, with a communal central sitting room and large kitchen on the ground floor. There's no shortage of storage space, with built in cupboards in the bedrooms and bathroom, plus a large cellar below helping to keep the property clear and clutter-free. A small courtyard garden to the rear offers space for bikes and bins, with a rear access gate to the alley behind. Due to the age of the house, the property boasts high ceilings and period features throughout, adding to the sense of space and providing the perfect backdrop for busy life.

The size and rental potential of this property offers a fantastic opportunity to the investor looking to buy in Lancaster - the fact it is already HMO licensed is a huge benefit given the recent issuing of Article 4 status for the area.

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Get in touch

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Houseclub Estate Agency
746 Cameron House
White Cross
Lancaster
LA1 4XF

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01524 771888

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info@houseclub.co.uk

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49 St. Oswald Street, Lancaster EPC Rating