Ingleton House, Ingleton Drive

£125,000
  • Ref: P1854
  • Type: Flat
  • Availability: For Sale
  • Bedrooms: 3
  • Parking: On Road Parking
  • Tenure: Leasehold
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  • Floorplan

Property Features

  • HMO Status
  • Fantastic Yield
  • South Lancaster
  • Low Ground Rent
  • Great Location
  • No Onward Chain

Property Summary

Three Bedroom Flat | Continued HMO | South Lancaster | Excellent Investment Opportunity | Low Service Charges | No Onward Chain

Full Details

<p>This is an excellent opportunity to acquire a great investment property close to the university and main bus routes. </p>
<p>Situated in a popular south Lancaster residential location the property is a three double-bedroom, ground floor flat. </p>
<p>Currently used as a HMO for students, the property offers a great investment yield; approximately 10% based on being fully occupied with 11 month contracts. All furniture on the inventory is included in the sale. </p>
<p>The flat comprises of entrance hall, three double bedrooms, lounge, kitchen and bathroom. It also has 2 private external storage cupboards big enough for several bikes.</p>
<p>Tenure : Leasehold</p>
<p>Length of lease: 125 Years from 1985 (88 Years)</p>
<p>Annual ground rent amount £10</p>
<p>Ground rent review period (year/month) TBC</p>
<p>Annual service charge amount: Variable depending on yearly expenses. 2019/2020 and 2020/2021 available on request.</p>
<p>Service charge review period (year/month) TBC</p>
<p>Council tax band: A</p>
<p> </p>Council tax band: A, Tenure: Leasehold, Annual ground rent: £10, Service charge description: Variable according to expenses. Available on request. , EPC rating: C.