Summary - 16 GRESSINGHAM DRIVE LANCASTER LA1 4RF
5 bed 2 bath Semi-Detached
**Standout Features:**
- No chain; ready for immediate occupancy.
- Licensed HMO with excellent rental potential.
- Five sizable bedrooms and two bathrooms.
- Current gross annual income of £30,600 from student tenants.
- Modern kitchen/diner and utility room.
- Well-maintained gardens with outdoor spaces.
- Close proximity to local amenities and bus routes.
This well-presented semi-detached property is an attractive investment opportunity, currently operating as a licensed HMO and generating a solid income stream from students. Comprising five bedrooms and two bathrooms, the layout includes a welcoming kitchen/diner and utility room, making it convenient for shared living. With a lovely garden perfect for relaxation, this property combines comfort with functionality.
Situated in a desirable area with strong local amenities and excellent bus links to Lancaster city center and nearby universities, it promises great future potential, especially given the existing rental history. Though the property requires a new HMO license and minor maintenance updates, it offers a dependable investment with solid returns that won't last long in today’s market. Ideal for investors looking for a hassle-free addition to their portfolio or first-time buyers considering rental options. Don’t miss this prime opportunity for an income-producing asset!
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