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8 bedroom end of terrace house for sale
South Road, Lancaster, LA1
£300,000
South Road, Lancaster, LA1
£300,000
Price History
Initial price | £325,000 |
27/11/24 | £300,000 |
Price Change | -7.69% |
Description
This large end-terrace property has been converted into six bedsit flats, two on each floor, and a spacious two-bedroom apartment in the basement with access to the rear garden. The property is currently occupied by five tenants, with four bedsits and the two-bedroom apartment already rented out, generating an estimated yearly turnover of £18,000. The bedsit flats have built-in kitchenettes, double glazing, and electric storage heaters, while the basement apartment has its own combi boiler. The property requires modernization, but offers significant potential for investors in a prime location. A major advantage is the rear parking, which can accommodate four vehicles and is accessed from Railway Street.