This week’s 60 second investment comes from St Johns Mews, right in the city centre of Lancaster. The property is neutrally decorated throughout and offers two double bedrooms, modern kitchen and bathroom. It has an excellent location, right next to St Georges Quay, the River Lune and you have the bustle of the city centre right on your doorstep.
It is currently let until August 2023 on a LUSU contract. It is on the market for £145,000 and with a normal AST rental income of £700pcm you could expect to see gross returns of £8,400 per year which is a 5.7% gross return.
If you are interested, please give us a call on 01524 843322 or email josh@jdg.co.uk
https://www.jdg.co.uk/property-details/-/lancaster/st-johns-mews/32204158