Prime city centre 8-bed mid-terrace, ideal investment opportunity generating £40,800 annually as student let. 2 entrances, communal areas, modern kitchen, tranquil garden. Easy access to amenities, transport links. Rare chance for high rental income in central location. This property is a Licenced HMO and has been for the last ten years, with the current owner.

Current Student Let
17 South Road is a licenced HMO and is fully let for the 2024/25 academic year. Being situated on the main road with plenty of bus connections and walking distance to the hospital makes this a popular choice. The study bedrooms are let at £425 PCM to the end of June 2025.

Location
South Road is the main gateway into Lancaster city centre and just a short walk from the centre, the hospitals and the University of Cumbria. Bus Stops along the main road are served by all the main service routes. There are connections to the city, university and local towns. Lancaster's hospitals are just a short walk up the road and there are popular schools within easy reach. Having the city centre on your doorstep means a whole host of amenities are close by. The Railway Station is also just a walk away. It really is a charming and well situated location.

The House
A substantial, impressive terraced house. To the ground floor the house offers generous communal living spaces with a bay fronted lounge to the front which has full height double doors connecting to the kitchen diner. For ease of living in a shared house the kitchen has two integrated hobs and two integrated ovens. There is plenty of space for the kitchen table and chairs and there is a breakfast bar to the side. There is a separate utility room at the rear, a shower room and access to a charming rear garden. Stairs lead down to the lower ground floor where you will find a second external front entrance door.

Study Bedrooms
There are eight fully furnished study bedrooms. On the lower ground floor there are two, one to the front and one to the rear. On the first and second floors you will find three study bedrooms and a shower room on each floor.