This week’s 60-second investment focuses on this 2 bedroom apartment in the popular Roundhouse development in the city centre of Lancaster. As well as the two bedrooms, the property offers a good sized contemporary bathroom and open plan living, kitchen and dining area.
It also benefits from a balcony and secure parking. It is in a great location, right next to the canal as well as a short stroll into the city centre.
The property is currently on the market at £142,000 and with a rental income of £700 PCM you could expect to see a gross income of £8,400 per year which is a 5.9% gross return on you your investment.
The property currently has a sitting tenant in who would be happy to stay on at the property. I
f you would like more information or to view the property, please give us a call on 01524 843322