Initial price	£400,000
12/06/24	£350,000
20/06/24	£330,000
Price Change	-17.50%

This property, located on Greaves Road in Lancaster, offers an exciting development and investment opportunity. Planning permission has been granted to convert the ground and lower ground floors into four studio apartments, while the upper floor already has a three-bedroom HMO apartment. The property benefits from a popular location, with bus stops nearby and frequent services to Lancaster University and the city center. Estimated rents for the studio apartments range from £200 to £240 per week, while the HMO apartment's three rooms have been let out for around £105 per room per week. The property is being sold through the Modern Method of Auction, with a reservation period of 56 days for the buyer and seller to complete the sale.