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£370,000

Villas Court, Lancaster, LA1 (Freehold)

The Location

Villas Court is positioned off Dallas Road in central Lancaster. To live here is to be within walking distance of the train station and the city centre. You also have Lancaster Canal close by meaning you have quick access to walks in the countryside.

Many will find its proximity to the local Aldi very helpful with it being just around the corner. The main bus routes are available along the A6 which connects to the bus station or up to the university and are only a 5-minute walk away.

The Overview

This modern terrace house is currently being utilised as an x6 bedroom all inclusive HMO Student let but could also be transformed into a lovely family home with ease. The ground floor offers a spacious living room and a second reception room that acts as a ground-floor bedroom at the moment.

The fitted kitchen is bright and has counters on two walls with room for free-standing appliances. Up on the first floor are the first of the official bedrooms with a huge master with en-suite and another double. There is also the shower room as well as a separate W.C. which is very useful.

The top floor has a further three double bedrooms with one benefitting from built storage. Outside there is a private rear yard that has been paved. It also backs on to the Boys & Girls Club playing field.

Services & Income

Gas & Electric Saftey Certificates

HMO Licence

All utility costs are included in the rent: Fire Alarm, Electricity & Gas costs (Fixed rate deal to August 2023), Insurance, TV Licence, and Internet. HMO relicensing costs of £800 accounted for in 2023.

Income for 22/23 stood at £24,338 (6.67% yield) and was achieved with one room sitting empty. This would have added £4000 in income.

Est income for 23/24 is currently expected to be £33,084 (8.94% yield) / 24/25. £35,880 (10.31% yield)

  • Licenced Mid-Terrace HMO Property
  • x6 Bedrooms
  • Shower Room, En-Suite & Separate W.C
  • Private Rear Yard
  • Rented for academic year 23/24 at gross annual income of £34,338
  • Compliant fire alarms & new boiler installed
  • Permit Parking
  • Spacious Living Room & Fitted Kitchen
Floorplan for Villas Court, Lancaster, LA1
EPC Graph for Villas Court, Lancaster, LA1
5 Bedrooms 2 Receptions 2 Bathrooms
Are you looking for a ready-to-go HMO investment or perhaps a 5-bedroom family home? Positioned off Dallas Road in central Lancaster this property has lots to offer. A licensed HMO Student let that is in fantastic condition and offers a potential yield of 8.94% for the next academic year.

Council Tax Band

Band: D

Cost: £2,093 pa

Key Features

  • Licenced Mid-Terrace HMO Property
  • x6 Bedrooms
  • Shower Room, En-Suite & Separate W.C
  • Private Rear Yard
  • Rented for academic year 23/24 at gross annual income of £34,338
  • Compliant fire alarms & new boiler installed
  • Permit Parking
  • Spacious Living Room & Fitted Kitchen

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