Initial price	£420,000
07/03/24	£395,000
Price Change	-5.95%

This six bedroom, four story townhouse is located in a popular area of Lancaster and is currently let to Lancaster University students through a 5 year renewal on their student accommodation licence. The tenants pay £115 per week based on a 48 week contract, and the property has the potential to increase rent to £125 per week based on a 48 week contract with 7 students. The current rental income is £33,120, with potential rental income of £42,000. The property is composed of four levels, with a good size lounge, dining room, and fitted kitchen on the ground floor. The basement contains two double bedrooms and a shower room, while the first floor has two double bedrooms and a family bathroom. The second floor has two double bedrooms, and the rear garden is compact with gated access. Viewing is highly recommended, and the council tax information is Band CAgent Note.