This 1 bedroom, first-floor apartment at Ushers Meadow in Lancaster would make a perfect investment opportunity. It offers bright, clean living with a good-sized bedroom and new kitchen and bathroom. It has the added benefit of well kept, communal gardens, perfect for your tenants to socialise with the neighbours.
These properties are only available to the over 56s and this applies to both owners and prospective tenants.
It is currently on the market for £80,000 and with a rental income of £475 pcm you could expect to see an annual gross return of £5,700 which is 7.1% gross yield.
For more information, give us a call on 01524 843322