BTL deal. Fantastic yield on this 1 bed Lancaster flat

This one bed flat is in South Lancaster, a great area for landlords given that the universities and the hospital are all in close proximity.

This is an interesting opportunity.  There is a tenant in situ already paying £500.  If you paid the full asking price it is producing a gross yield of just 8.5%.

The Hastings, Greaves

The Hastings, Greaves. Current let at £500 cpm


The details from Entwistle Green tell us it has just been reduced to £70,000.  It comes with private parking and a garage.  It is also on a main bus route so if your tenant does not drive, that is not a problem.

Why is it so cheap?  And that has to be the question you ask of the agent.  It’s a popular development with tenants.  My own agency already rents out several here.  It’s worth taking a look!

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