6.2% gross yield on this spacious Lancaster city centre apartment

There is a property shortage in Lancaster when it comes to properties to let. Every property we have advertised to let in the city centre has had numerous applications and the situation is only going to get worse.

Each week, we will bring you a great selection of properties which would suit the buy to let market.

Todays featured property is in the heart of one of the most historic areas of the city. This is Middle Street. This is a spacious 1-bed apartment. It offers 527 sqft.

We like the fact it also has a communal car park for residents. This block is small and has retained its Georgian facade which gives it great kerb appeal.

Expect to let this for £550 pcm. This will give you £6600 per annum. It is a gross yield of 6.2%

Pros’ – No ground rent and low management fees ( just £181 per annum). It also has parking!

Con’s – The communal area could be a bit nicer!

Check out the full details below