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" BUY TO LET STUDENT HOUSE INVESTMENT - RARE OPPORTUNITY to acquire a substantial 6 bedroomed end terraced house, fully let, not only for the remainder of this academic year but also for the whole of the 2017/18 academic year, providing an immediate return on the capital invested (this particular income will be less than the potential gross income due to management costs and the rent being guaranteed). Presented in very good condition in an extremely popular location for students in Bowerham, close to the city centre and University of Cumbria and in easy access of the University of Lancaster. Situated very close to a main bus route and busy Spar shop, there is accommodation on 3 floors. This property always lets quickly and is only being offered for sale due to a change in personal circumstances. An ideal investment with a potential gross income well in excess of ?26,000 per year. There will be considerable interest in the property SO DON'T MISS OUT. Arrange to view the property as soon as possible. Offered for sale fully furnished as a going concern except, of course, for any personal possessions.

RETURN ON INVESTMENT Initially (until end July 2018) the property provides a return in the region of just under 7% (guaranteed rental income) but with potential for a return of over 10% before management fees from September 2018. If buying with a mortgage this investment has the potential to provide a return on initial investors funds required to purchase of 19% (before management fees are deducted). Calculated as follows:

Potential income:
Conservatively ?92 per week, per student (6 x students) including utility bills and broadband for 48 weeks = ?26,496 pa.
Deduct utility bills and broadband costs: Say ?3,000.
Net income: ?23,496, Say ?23,500

Assume for this example a mortgage at 70% LTV based on a sale price of ?235,000:
30% deposit required by purchaser = ?70,500
Stamp duty and legal fees paid by purchaser: ?10,000
Initial funds required by purchaser = ?80,500

?164,500 mortgage (70% of ?235,000) (assume 5% interest) = ?8,225 interest per year.
Potential net profit after mortgage interest but before management costs = ?15,275
which is 18.9% return on purchasers initial funds.

14% return on initial funds required to buy property after deducting mortgage interest and all typical overheads and management fees.
This is the percentage return figure that should be compared to alternative investments such as putting ?80,500 in a savings account.

Paragon and Lloyds Bank are two lenders that will lend on this property but there are others. (Lloyds provide a 20 year fixed rate product!) We can help with providing contact details for a mortgage broker who can help source a mortgage product.

Although we believe this example to be accurate based on our experience, we must state that these figures should not be relied upon and interested purchasers should make their own enquiries. We are obviously more than happy to discuss this opportunity in more detail.

Properties don't come available very often like this one. There is very strong student demand for 6 bedroom student houses and our student letting division, Mighty Student Living, finds that there is more demand from students than supply which helps underpin the strength of the income. ROOM DETAILS: GROUND FLOOR Entrance Vestibule Upvc front door Entrance Hall With staircase leading off to first floor, radiator Private Room 1 4.27m x 3.58m

(14' x 11'9') Overall measurement into Upvc double glazed front bay window, wash basin, radiator Communal Lounge 3.91m x 3.63m

(12'10' x 11'11') Wall fire, Upvc double glazed rear window, radiator Communal Kitchen 2.84m x 2.31m

(9'4' x 7'7') Modern fitted kitchen, stainless steel sink unit, range of wall and floor units, tiled splashback, electric hob, built under oven, extractor hood, fridge, freezer, microwave and various other electrical appliances, Upvc double glazed side window, staircase leading down to basement BASEMENT Private Room 5 3.30m x 2.57m

(10'10' x 8'5') Plus deep front recess, Upvc double glazed front window, wash basin, radiator Private Room 6 3.78m x 2.51m

(12'5' x 8'3') Upvc double glazed rear window, wash basin, radiator Showerroom/WC Shower cubicle, wash basin, toilet, extractor fan, radiator Communal Utility Room 2.87m x 2.49m

(9'5' x 8'2') Well equipped with stainless steel sink unit, washing machine, tumble dryer, fridge/freezer, microwave and kettle offering a second kitchen area, 2 Vaillant gas boilers (1 for hot water and 1 for central heating), Heatrae Sadia Megaflo, Upvc double glazed windows and rear entrance door FIRST FLOOR Galleried Landing Useful store cupboard, Upvc double glazed side window Private Room 2 3.07m x 2.36m

(10'1' x 7'9') Upvc double glazed side window, wash basin, radiator Private Room 3 3.96m x 2.59m

(13' x 8'6') Upvc double glazed rear window, wash basin, radiator Private Room 4 3.56m x 2.67m

(11'8' x 8'9') Upvc double glazed front window, wash basin, radiator Showerroom/WC Spacious showerroom, shower cubicle, wash basin, toilet, extractor fan, Upvc double glazed side window, radiator External Useful open space to the side, ideal car parking with drive gates. Rear yard area "