Todays property deal is at the lower end of the market yet surprisingly still in South Lancaster.
At just £65,000 with a tenant already signed up, we felt this was of interest, especially to an investor who is possible just starting out.
Leck House is a 1 bed ex local authority apartment. We believe the council still look after the block management. It’s in a convenient location with Booths supermarket just a few minutes walk away and a bus stop almost outside the front door.
According to the details provided by the selling agent House Club, new tenants are moving on AST from the end of this month.
When do the sums on this, the gross yield is coming in just over 9%.
Here are the details for you.