4 Bedroom Terraced House, Kenilworth Place, Lancaster, LA1 - Investment opportunity!
Kenilworth Place, Lancaster, LA1 - Investment opportunity!
Lancastrian Estates
301/302, Riverway House, Morecambe Road
Description
Outside, the front garden and rear yard provide space to relax and enjoy. An unrivalled opportunity not to be missed, seize the chance to call this property your own.
EPC Rating: D
Virtual Tour
Key Features
- 4 Bedrooms
- Let for Academic Year 2025/26
- 10% ROI Projected
- Great Investment Opportunity
- Licensed as HMO
- Established, Tree Lined Cul-de-Sac
- Generous Communal Areas
- Garden & Yard
- Transport & Travel Links
Property Details
- Property type: House
- Property style: Terraced
- Price Per Sq Foot: £182
- Approx Sq Feet: 1,098 sqft
- Plot Sq Feet: 2,766 sqft
- Council Tax Band: B
Rooms
A Well Looked After House
This generous and light 4 bed terraced house offers plenty of space and versatility for the future. The front door opens to the light hallway and you will find internal fire doors, hard wired alarms and thumb locks to the external doors. The house is registered as an HMO and let to Students for the academic year 2025/26 (ending July 2026). Communal space is generous with a relaxing front lounge which has two windows overlooking the peaceful garden. The kitchen diner at the rear opens to the rear yard with drying space and outhouse. The kitchen is sold with the kitchen appliances. Additionally there is a dedicated drying/ ironing room on the first floor.
Student Study Bedrooms
The rooms are numbered 1 - 4 and enjoy bathroom basins. Each study room is sold with the standard furniture set seen. Bedroom 1 is on the ground floor with 2, 3 and 4 upstairs. The shared bathroom is on the first floor and enjoys a modern white bathroom suite with over bath shower. Grey wash wood effect flooring and white décor create a modern finish.
Return on Investment Projected Figures
The property is currently let for the academic year 2025/26 (ending July 20260 at 4 x £120 PPPW (per person per week) x 48 (weeks). The following academic year 2026/27 will be £123 PPPW x 48 representing a projected ROI of 9.84% - rounded to 10%.
Floorplans
Outside Spaces
Garden
There is a lawn garden with established and abundant fruit trees. The external passageway down the side of the house allows external access into the rear yard where there is a flagged drying area and outhouse.
Parking Spaces
On street
Capacity: 1
Location
Bowerham is a well established residential area of south Lancaster which has long been popular. The location is perfect for families, professionals and students alike as it enjoys great travel links with the M6 Jct 33 being a convenient drive away. The university is also very accessible by both the 'back roads' and the nearby cycle path. There are bus stops close by and there is easy access to the city centre from the south side. The University of Cumbria is just a short walk up Bowerham Road. You don’t have to travel far as all life’s essentials are close by with the local shops and post office at Bowerham and a nearby Booths supermarket. There are fantastic local schools both primary and secondary. Both Grammar Schools and Ripley St Thomas are easily reached. Moorside Primary or St Bernadette's are just a walk down the road. A great location and a great house to come home to.
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