Today’s 60 second investment comes from the city centre of Lancaster on Bulk Street. Equitable house offers a range of different apartments and this particular on has two bedrooms. It offers double height ceilings with character features such as exposed beams and sash windows to some rooms. It has an open plan kitchen living area and three piece bathroom. Whilst it does need some cosmetic work to maximise the rental potential, it offers big, bright spaces which will appeal to professionals looking to rent in the area.
It is located just off of Dalton Square with easy access to everything the historic city has to offer.
It is on the market for £130,000 and with a potential rental income of £700pcm, you could expect to see annual returns of £8,400 which is a 6.4% gross return.
For more information, please give us a call on 01524 843322