This week’s 60 second investment comes from Norfolk Street in the Skerton area of Lancaster. This is a 3 storey, 3 bedroom terrace which is really well presented. The ground floor offers a modern kitchen diner as well as a separate lounge and an additional sun room. There are two bedrooms to the first floor as well as an additional bedroom and three piece bathroom on the top floor. There are local amenities close by and easy access to the city and motorway making this a popular place for tenants.
It is on the market for £120,000 and with a rental income of £675pcm, you could expect to see annual gross returns of £8,100 which is a 6.7% gross yield.
For more information, give me a call on 01524 843322 or email josh@jdg.co.uk
https://www.jdg.co.uk/property-details/-/lancaster/norfolk-street/32340717