£295,000
5 bedroom flat for sale
Damside Street, Lancaster
flat 
5 bedrooms Property description
INCOME PRODUCING STUDENT PROPERTY *5 LETTING BEDROOMS * 2 SHOWER ROOMS* HEART OF THE CITY CENTRE *EXCELLENT LETTING HISTORY * WELL PRESENTED *
Income-producing student property situated in the heart of the city centre with all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries and health services.
This property has the possibility of being sold as part of a portfolio with another property above, which offers some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
(This property currently has a valid HMO license in place granted by the local authority; a new owner will have to apply for their own license upon completion).
Entrance Hallway - Stairs to the first Floor
Hallway - Carpeted floor, intercom, electric radiator, store room housing the consumer unit and water cylinder.
Bedroom One - Double-glazed sash window, wash hand basin, carpeted floor, electric radiator.
Bedroom Two - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Three - Double-glazed windows, wash hand basin, carpeted floor, electric radiator.
Shower Room - Double shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Four - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Bedroom Five - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Kitchen/Diner/Lounge - Lounge area double-glazed windows
Investment Information - This property has the possibility of being sold as part of a portfolio with another property above, which offers some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
(This property currently has a valid HMO license in place granted by the local authority; a new owner will have to apply for their own license upon completion).
Council Tax Band (B) £1,873
Tenure Leasehold
999 Years
Start Date January 2005
End Date January 3004
979 Years Remaining
Income-producing student property situated in the heart of the city centre with all of the amenities Lancaster has to offer, including gyms, pubs, clubs, shops, eateries and health services.
This property has the possibility of being sold as part of a portfolio with another property above, which offers some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
(This property currently has a valid HMO license in place granted by the local authority; a new owner will have to apply for their own license upon completion).
Entrance Hallway - Stairs to the first Floor
Hallway - Carpeted floor, intercom, electric radiator, store room housing the consumer unit and water cylinder.
Bedroom One - Double-glazed sash window, wash hand basin, carpeted floor, electric radiator.
Bedroom Two - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Shower Room - Shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Three - Double-glazed windows, wash hand basin, carpeted floor, electric radiator.
Shower Room - Double shower cubicle with Mira electric shower, wash hand basin, extractor fan, vinyl floor, electric wall heater, W.C.
Bedroom Four - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Bedroom Five - Double-glazed window, wash hand basin, carpeted floor, electric radiator.
Kitchen/Diner/Lounge - Lounge area double-glazed windows
Investment Information - This property has the possibility of being sold as part of a portfolio with another property above, which offers some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.
This property is let for the 2024/2025 academic year at 5 x £105 PPPW x 48 (per person per week), offering an annual gross income of £25,200.
The property is also let for the next 2025/2026 academic year at 5 x £120 PPPW x 48 (per person per week), offering an annual gross income of £28,800.
The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).
A current landlord's gas safety certificates are in place, along with EICR (electrical installation condition reports).
(This property currently has a valid HMO license in place granted by the local authority; a new owner will have to apply for their own license upon completion).
Council Tax Band (B) £1,873
Tenure Leasehold
999 Years
Start Date January 2005
End Date January 3004
979 Years Remaining
Property photos
Interested in this property?
Check Your Credit Report & Score 
Council tax
First listed
Over a month agoEnergy Performance Certificate
Damside Street, Lancaster
Marketed by
Mighty House Estates - Lancaster 53a Market Street Lancaster, Lancashire LA1 1JGCall agent on 015242 32847
Placebuzz mortgage repayment calculator
Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Damside Street, Lancaster - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Mighty House Estates - Lancaster. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mighty House Estates - Lancaster for full details and further information.
property_vrec_1