Terraced house for sale in Vine 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 an 'Ideal' gas combination boiler and briefly comprises: Front entrance, open plan lounge diner kitchen, rear vestibule and shower room/wc, staircase and first floor landing and two double bedrooms. Outside there is a low maintenance enclosed rear yard.
The property is currently let to three students from 26/09/2024 to and including: 27/08/2025. The gross rental income for current academic year of 2024/25 is £11,040.00 (we hold a tenancy agreement on file).

Front entrance

UPVC double glazed front door leading into the lounge.

Open plan lounge/breakfast kitchen (7.64m x 3.28m) (25'0" x 10'7")

Lounge area

UPVC double glazed window to the front elevation. Central heating radiator. Understairs storage cupboard. Cupboard housing the gas meter. Ceiling light. Power points. Staircase to the first floor. Sofa, chair, tv, coffee table. Open into the breakfast kitchen. Open plan staircase leading to the first floor.

Breakfast kitchen

UPV double glazed window to the rear elevation. Fitted base units, wall units and drawers. Complementary working surfaces in part to three walls. Stainless steel single bowl sink. Lamona electric oven, Lamona ceramic hob, stainless steel cooker hood above with extractor fan and lights. Bosch washing machine. Hotpoint tumble dryer. Hotpoint fridge and separate freezer. Sharp microwave. Cupboard housing the Ideal combination condensing boiler. Central heating radiator. Ceiling light. Power points.

Rear vestibule

UPVC double glazed back door. Cupboard housing the electric meter and consumer unit.

Ground floor shower room (2.38m x 1.50m) (7'8" x 4'9")

uPVC double glazed window to the side. Shower cubicle with mains shower, wash hand basin set into a vanity unit and wc. Fully aqua boarded. Heated chrome towel rail. Wall mounted mirror. Wall light with shaver point. Ceiling lights and extractor fan.

First floor

landing

Two ceiling lights. Power points. Loft hatch access.

Bedroom one (3.29m/2.06m x 3.76m) (10'7"/6'7" x 12'3")

uPVC double glazed window to the front elevation. Central heating radiator. Ceiling light. Power points. Bed, wardrobe, drawers, bedside cabinet, desk.

Bedroom two (3.31m x 2.78m) (10'8" x 9'1")

uPVC double glazed window to the rear elevation. Central heating radiator. Telephone point. Ceiling light. Power points. Bed, wardrobe, drawers, bedside cabinet, desk.

Outside the property

rear yard

Laid to concrete with a timber gate leading onto the rear lane. Outside light.

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