Gressingham Drive, Lancaster, Lancashire, LA1 4RF

FIVE-BEDROOM STUDENT HMO – STRONG INVESTMENT OPPORTUNITY *Guide Price of £250,000 - £275,000*

Key Features: Offered with no onward chain Licensed student HMO

Income-producing investment Five well-proportioned bedrooms Two bathrooms Garden to the rear Well maintained throughout Reliable and proven rental performance Excellent local bus routes Close to local amenities

Description An excellent opportunity to acquire a fully licensed, income-producing student HMO, ideally positioned within easy reach of Lancaster city centre, local amenities and regular bus routes serving the universities.

The property is currently let to five students and benefits from a strong letting history, making it a solid and reliable investment. It is sold with furniture and white goods included, excluding tenants’ personal belongings, allowing a purchaser to step straight into ownership with minimal setup required. The current gross annual income is £30,600.

The accommodation is well laid out and well presented throughout. On the ground floor, the property offers an entrance hallway with useful storage, a communal lounge, and a spacious kitchen/diner fitted with a range of units and integrated appliances, providing a practical and social hub for tenants. A separate utility room adds further convenience, alongside a modern ground floor shower room.

To the first floor, there are five bedrooms, all of good size and suitable for student occupation, along with a second bathroom. The layout has been thoughtfully arranged to maximise rental appeal and functionality.

Externally, the property benefits from a rear garden, offering valuable outdoor space for occupants.

The property currently holds a valid HMO licence granted by the local authority. Please note that a new owner will be required to apply for their own licence upon completion.

Well located, well presented and income producing, this is a strong buy-to-let opportunity for investors seeking a straightforward and dependable student rental property.

Viewing is highly recommended to fully appreciate the size and potential of this property.

Buyer Process: Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably. Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria.

Exclusivity Fee: You can secure the purchase today by paying an exclusivity fee of £2,000 which gives you the rights to purchase within a given timeframe. The exclusivity fee is returned to you upon successful completion of the property.

A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Paying this fee ensures that the seller takes their property off the market and reserves it exclusively for you, therefore eliminating the risk of gazumping and aborted costs.

Disclaimer The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves of this prior to purchasing. The photograph(s) depict only certain parts of the property. It should not be assumed that any contents/furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph(s). No assumption should be made with regard to parts of the property that have not been photographed. Any areas, measurements, aspects or distances referred to are given as a GUIDE ONLY and are NOT precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries. Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have.

Kitchen 2.93m x 3.08m

Living Room 2.97m x 3.66m

Utility Room 1.91m x 2.29m

Bathroom 1.24m x 2.3m

Bedroom 3.46m x 6.1m

Bedroom 4.11m x 3.4m

Bedroom 3.48m x 2.6m

Bedroom 3.03m x 3.11m

Bedroom 2.92m x 3.05m

Bathroom 2.34m x 1.61m