Let
Newmarket Street, Morecambe, LA4
£1,000 pcm
£200,000
Kenilworth Place, Lancaster, LA1 – Investment opportunity!
Situated on a tree lined cul de sac in sought after Bowerham this 4-bedroom terraced house represents a great opportunity. Let for the current academic year 2025/26 (ending July 2026) and with a projected 10% ROI, this houses is a compelling investment opportunity. Licenced as an HMO, well kept and above required spec its allure is further heightened by its location. The interiors are well kept and light, boasting generous communal areas that seamlessly blend functionality and appeal. A generous garden and yard offer tranquil spaces for relaxation, adding to the property's charm. Conveniently positioned, with excellent transport links and bus stops mere moments away, this residence promises a lifestyle of convenience.
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.
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%.
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