Mighty House says ..

Property Oracle says ..

This five-bedroom, two-bathroom terraced house located on St. Oswald Street in Lancaster is marketed as an income-producing HMO student property. The property’s presentation in the photographs suggests it has undergone recent renovations, particularly in the kitchen and bathrooms, which are modern and well-maintained. The bedrooms are simply furnished and generally clean. However, the property does have some minor wear and tear in certain areas, which could affect its overall value. The absence of a significant garden is a noticeable drawback. The property’s proximity to several schools, including some with outstanding Ofsted ratings, is positive for families or those seeking rental income from families. The location within Lancaster provides reasonable access to transportation and amenities, though more details on the property’s precise position and immediate environment are needed for a full assessment of its location score. The list price of £325,000 appears to be in line with or slightly above other nearby properties, but given the lack of exact square footage data for comparison it is difficult to ascertain whether it is a good value. The property’s description highlights its potential as a student rental, suggesting a focus on that market segment. Therefore, a buyer should consider the potential rental income against the purchase price to determine its investment value fully. Note the limited plot size is a significant drawback for families

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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