South Road, Lancaster, LA1, 8 bedroom, House

This large end terrace is set over four floors and has been converted to contains six bedsit flats, two on each floor, and a spacious two bedroom apartment in the basement that also has access to the rear garden. The property is being sold with 5 tenants in situ, four of the bedsits are currently occupied as is the two bedroom apartment. Its current yearly turn-over is estimated at £18,000.

Each of the bedsit flats has a built in kitchenette, mostly double glazed and electric storage heaters. The basement apartment has its own combi boiler. The building has a fully wired fire alarm system and fire escape windows fitted in communal areas. The building is in need of modernisation and offers a huge potential for investors in a prime location.

A huge benefit is the rear parking, essentially it has its own car park to the rear that will comfortably accommodate x4 vehicles, this is accessed from Railway Street.

End Terrace House - HMO Property
x6 Bedsit Flats with fitted Kitchenette
x2 Shower Rooms
x1 Two Bedroom Basement Apartment - With Kitchen Diner
Parking for x4 vehicles to the rear
Investors only - Being sold with tenants in situ
Estimated £18,000 per anum

Floorplan for South Road, Lancaster, LA1

EPC Graph for South Road, Lancaster, LA1

Are you looking for an investment property with lots of potential? This large end terrace, while in need of some modernisation, currently offers 6 bedsit flats and a two bedroom basement apartment. Generating £18,000 pa with 5 tenants in situ which could be improved in time.