4 bedrooms for just £65,000. Close to the city

Today’s property deal is a little bit different to what we normally post but still is an attractive deal to the investor who likes to do work to a house to either sell on or rent out.

Lancaster Property Deal. Chestnut Grove

At just £65,000 this 4 bed ex-council house on the Marsh estate needs work.  Done up,  we’ve seen these houses sell in the region of £95,000.

However it has 4 bedrooms making it perfect for a family rental.  You may have to consider renting to people in receipt of housing benefit however you may also find you’ll attract a long term tenant.

The city centre and train station is in walking distance and Willow Lane primary school is a popular choice with great ousted results.

If you spent £20,000 on it,  and rented it out at there is still a gross yield of 7.7%.

Here’s the link to the selling agents property


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