20 Gregson Road, Lancaster
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Income Producing Property
- Easy access to local transport and Lancaster University
- Excellent local amenities
- Only minute to University of Cumbria
- Well presented throughout
- within walking distance to the city centre
- Let for next 2024/2025 academic year.
- Terraced House
- Council Tax Band A
- Great Investment
Description
Excellent investment opportunity located in the heart of South Lancaster.
Currently, let to three students for this 2023/2024 academic year with an annual gross income of £16,704 (£116 per person per week including bills) based on a 48-week contract.
The property is also let to three students for the next academic year 2024/2025 with an annual gross income of £17,424 (£121 per person per week including bills) based on a 48-week contract.
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).
*This property does not require an HMO license at this time.
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).
This property has a great letting history and would make a great addition to your portfolio or a first buy-to-let.
This highly sought-after area allows easy access into Lancaster city centre which offers an excellent choice of amenities, shopping, pubs, restaurants and much more.
The city has very good transport links via road and rail making this an easy commute for professionals working at renowned hospitals and universities.
No onward chain!
Entrance Hallway - Stairs to the first floor.
Bedroom One - Double glazed window to the front, carpeted floor, radiator.
Lounge/Diner - Double glazed window to the rear, radiator, carpeted floor.
Kitchen - Double glazed window to the side, range of matching wall and base units, free-standing electric cooker, stainless steel sink, washing machine and dryer, Worcester Combi boiler, vinyl floor, radiator.
Utility Area - Space for fridge/freezer, door to the yard.
Bathroom - Double-glazed frosted window to the side, bathtub, shower cubicle with thermostatic shower, wash hand basin, vinyl floor, radiator, W.C.
First Floor Landing - Access to the loft.
Bedroom Two - Double-glazed window to front, carpeted floor, radiator.
Bedroom Three - Double-glazed window to rear, carpeted floor, radiator.
Bedroom Four - Double-glazed window to rear, carpeted floor, radiator.
Outside - Rear yard and gate to access road.
Investment & Useful Information - The property is currently let to three students for this 2023/2024 academic year with an annual gross income of £16,704 (£116 per person per week including bills) based on a 48-week contract.
The property is also let to three students for the next 2024/2025 academic year with an annual gross income of £17,424 (£121 per person per week including bills) based on a 48-week contract.
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).
*This property does not require a HMO license at this time.
A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports)
There is also a fourth bedroom available for letting on the first floor.
Tenure Freehold
Council Tax Band (A) £1505.37
Brochures
20 Gregson Road, LancasterBrochureCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
20 Gregson Road, Lancaster
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancaster Station0.7 miles
- Bare Lane Station2.8 miles
- Morecambe Station3.7 miles
About the agent
Mighty House, Lancaster
53 Market Street Lancaster LA1 1JG
Mighty House is owned and run by Chartered Surveyors who are passionate about property and customer service.
We have between us over 50 years experience in both selling property and letting and managing property. We are continually performing as one of the top Estate and Letting Agents in Lancaster.
We are multiple property Landlords, property investors and developers ourselves and bring an exceptional range of skills and experience to the business. As a result we offer a range of
Industry affiliations
Notes
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