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Auctions / Lancaster

17 Greenfield Street, Lancaster, Lancashire, LA1 3QE

Guide Price* : £180,000 plus

CAN BE SOLD INDIVIDUALLY OR AS PART OF A PORTFOLIO ***LANCASTER PORTFOLIO***

  • Residential Investment
  • Four Bedroom HMO
  • Producing £12,420 Per Annum Gross (as at September 2024)
  • Freehold
  • Approximately 70 sq m (720 sq ft)

Description

The property is a mid-terrace four bedroom, two storey stone built house beneath a pitched slate roof. At the rear, there is a small, paved yard enclosed by brick walls, providing a private outdoor space.

Internally the ground floor consists of a living room, kitchen/diner and one bedroom with ensuite. The first floor contains three bedrooms, two with an en-suite, as well as a shared bathroom. The rear yard is accessible from the kitchen and the ground-floor bedroom. The property has a small yard area to the rear which can be accessed off the
kitchen and the ground floor bedroom.

The total area of the property is approximately 70 sq m (720 sq ft).

Location

Lancaster, located in the north of England, is the county town of Lancashire. It lies approximately 19 miles northeast of Blackpool and 20 miles north of Preston. According to the 2011 Census, Lancaster's city center has an estimated population of 52,234, with the wider area, including the City of Lancaster, reaching around 138,375. The city is a popular destination for students, home to both Lancaster University and a campus of the University of Cumbria.

Greenfield Street is located to the north of Bowerham, a sought-after area for students, close to Lancaster City Centre and the University of Cumbria's Lancaster campus. The area is primarily made up of terraced housing, with some industrial units nearby, and is close to The Lancaster Hospital to the southwest and the University of Cumbria to the southeast. Situated on the edge of one of Lancaster's most popular student areas, Greenfield Street is ideal for students transitioning from university accommodation to private rentals within the city. Regular bus services provide convenient access to Lancaster University, including stops at the University Underpass.

Tenure

The property is held Freehold under Title Number LAN51509.

Planning Authority

Lancaster City Council - www.lancaster.gov.uk

Bidder Registration

Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.

VAT

Refer to the legal documentation

Energy Performance Certificate

D:64

Note

We have not inspected internally and the measurements and photographs have been provided to us by third party sources.

Accommodation

Address Tenant Lease Terms Rent £ pa
Room 1 - Ensuite AST 18/03/2024 - 17/09/2024 £6,120
Room 2 - Ensuite AST 25/04/2024 - 24/10/2024 £6,300
Room 3 - Ensuite Vacant
Room 4 - Ensuite Vacant
Total £12,420

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Legal Documents

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Agreement Documents

Additional Documents

Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2024

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.