This week’s 60 second investment comes from Eastham Street in the Primrose Area of Lancaster. This property is only being sold to investors as it has a sitting tenant on a fixed term contract until Feb 2023.
It is a 2 bedroom end terrace with open plan living form front to back with the bathroom located, unusually in the back corner. There are two decent size bedrooms on the first floor.
It is currently on the market for £130,000 and the tenant is paying £600pcm. This is an annual return of £7,200 which is a 5.5% gross yield.
For more information, give us a call on 01524 843322.
https://www.jdg.co.uk/property-details/lancashire/lancaster/eastham-street/31571934