This week’s 60 second investment takes us to the South Lancaster village of Galgate.
This end terrace has an unusual layout with a spacious lounge and kitchen on the ground floor, two double bedrooms upstairs with the family bathroom, as well as a large third bedroom on the lower ground floor along with additional storage – this space could also be used as a second reception room. It also has the added benefit of a utility area and a generous rear yard.
Galgate has its own local amenities as well as easy access along the A6 to Lancaster City Centre. It also has great access to the M6 as well as Lancaster University making it a very popular spot.
It is currently on the market for £135,000 and if rent as a three-bedroom home, you could achieve a rental income of £575 PCM which is an annual gross yield of £6,900 which is a 5.1% gross return.
Give us a call on 01524 843322 for more information.