Cavendish Street, Lancaster 3 bed terraced house for sale

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Cavendish Street, Lancaster 3 bed terraced house for sale

Cavendish Street, Lancaster
£180,000

Our Summary

  • Alternatively, this property offers the potential to be a charming two-bedroom family home, featuring the added luxury of two spacious reception rooms, ideal for growing families seeking both space and comfort in a convenient location
  • Potential To Create Additional Letting Bedrooms

Description

This income-producing investment property is a two-bedroom home in Lancaster, offering a fantastic opportunity for investors or parents seeking quality accommodation for their children attending university. The property is currently let to three students for the 2024/2025 academic year, generating an annual gross income of £17,107.20. With a 48-week contract, this property presents a stable and lucrative investment opportunity. The property features two spacious reception rooms, a kitchen, and a cellar/utility room, as well as three double bedrooms and a bathroom. The property is located just a 10-minute walk from Lancaster city centre and its amenities, and is easily accessible by road and rail. The property is sold with furniture and white goods included, excluding the tenant's personal belongings. This property does not require a HMO license at this time and has current landlord's gas safety certificates and EICR reports in place.