Terraced house for sale in Albion Street, Lancaster LA1

Description

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

Well presented, stone fronted, three 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 'GlowWorm' gas combination boiler and briefly comprises: Front entrance, hallway, bedroom one, living/dining room, kitchen, staircase and first floor landing, double bedroom with en suite shower room and bathroom/wc, staircase to second floor and bedroom three with en suite shower room. 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 £23,148.00 (we hold a tenancy agreement on file).

Front entrance

UPVC double glazed door leading into the vestibule. Open access into the hallway.

Hallway

Central heating radiator. Ceiling light. Staircase to the first floor. Access into the ground floor bedroom.

Bedroom one (3.27m x 3.00m) (10'7" x 9'8")

uPVC double glazed window to the front elevation. Central heating radiator. Built-in storage cupboard housing the Glow Worm combination boiler, electric consumer unit. Further cupboard housing the gas and electric meters. Ceiling light. Power points. Bed, wardrobe, drawers and desk.

Communal loving/dining room (3.27m x 3.00m) (10'7" x 9'8")

uPVC double glazed window to the rear elevation. Central heating radiator. Recessed Understairs storage area with power points and shelving. Telephone internet point. Ceiling light. Power points. Two sofas, glass table and chairs. Open access into the kitchen.

Kitchen (3.81m x 1.65m) (12'5" x 5'4")

uPVC double glazed window to the rear elevation. UPVC double glazed window to the side. Fitted base units with wall units and drawers. Complementary working surfaces to two walls. Single bowl stainless steel sink. Built in Lamona electric oven, four ring ceramic hob and stainless steel cooker hood with extractor fan with lights. Indesit washing machine. Hisense fridge. Central heating radiator. Ceiling light. Power points. Staircase to the first floor.

First floor

landing

Built-in storage cupboard. Ceiling light. Staircase leading to the second floor.

Bedroom two (4.09m x 3.33m) (13'4" x 10'9")

uPVC double glazed window to the front elevation. Central heating radiator. Ceiling light. Power points. Wardrobes, drawers and desk.

En-suite shower room (2.15m x 1.58m) (7'0" x 5'1")

Three piece suite in white comprising shower cubicle with a Mira electric shower, wash hand basin set into a vanity unit and wc. Heated chrome towel rail. Wall mounted mirror with wall light and shaver point. Ceiling light and extractor fan.

Shower room (2.00m x 1.97m) (6'5" x 6'4")

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

Second floor

landing

Ceiling light.

Bedroom three (3.88m x 2.60m) (12'7" x 8'5")

Velux with fitted blinds to the roof slope. Central heating radiator. Ceiling light. Power point. Loft hatch access. Bed, wardrobe, drawers and desk.

En-suite (2.39m x 2.09m) (7'8" x 6'8")

Velux to the roof slope. Three piece suite in white comprising shower cubicle with Mira electric shower, wash hand basin set into a vanity and wc. Heated chrome towel rail. Wall mounted mirror with wall light and shaver point above. Ceiling light and extractor fan.

Outside the property

rear yard

Laid to concrete with access onto the rear lane. Outside light.

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