Terraced house for sale in Elgin Street, Lancaster LA1

Description

**Excellent investment opportunity - currently let to students**

Well-presented, stone fronted, two double bedroom mid terraced house situated close to Lancaster City centre amenities, bus routes, M6 motorway and mainline railway station. Ideally located for the student rental market encompassing both the University of Cumbria & Lancaster University.
The accommodation is fully uPVC double glazed, gas central heated from a 'combi' boiler and briefly comprises: Front entrance, lounge, kitchen diner further kitchen area, staircase and first floor landing, two double bedrooms and shower room/wc. Outside there is a low maintenance enclosed rear yard.
The property is currently let to two students from 12/9/24 until 13/8/25. The gross rental income for current academic year of 2024/25 is £10,272 (we hold a tenancy agreement on file).

Front entrance

UPVC double glazed front door leading into:

Lounge 4.54m x 3.34m
(14'9" x 10'10")

uPVC double glazed windows. Central heating radiator. Ceiling light. Electric power points. Cupboard housing the gas meter.

Kitchen diner 3.89m x 3.33m
(12'7" x 10'9")

uPVC double glazed door to the rear. Central heating radiator. Base units, wall units and drawers. Working surfaces. Built in 'Lamona' electric oven, four ring gas hob and stainless steel cooker hood with extractor fan and light.

Further kitchen area 1.40m x 2.43m
(4'6" x 7'10")

uPVC double glazed window. Fitted base unit, wall units and drawers. Complementary working surfaces with inset sink. Space for a dishwasher. Space for washing machine.

Staircase from kitchen diner to the first floor

landing

Ceiling light. Loft hatch access.

Bedroom one 3.33m x 3.56m (to the wardrobes)
(10'9" x 11'7")

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points. Recessed storage area housing the 'Ariston' gas combination boiler.

Bedroom two 2.85m x 2.44m
(9'4" x 8'0")

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points. Built in wardrobe with hanging rail.

Shower room/WC 1.47m x 2.49m
(4'8" x 8'2")

Steps from landing leading down into. UPVC double glazed window. Heated towel rail. Shower cubicle with mains shower, pedestal wash hand basin and wc. Ceiling light. Extractor fan.

Tenure: Freehold

services: Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band A. Amount payable for the financial year 2024/25 being £1505.37. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: A (Lancaster City Council)
Tenure: Freehold