This one bedroom apartment is located in Equitable House in the City Centre of Lancaster. Offering a generous double bedroom and an open plan living space, this city centre pad has great rental potential. There is easy access to the local shops, restaurants and bars as well as relaxing walks along Lancaster Canal.
The apartment does need some upgrading in order to maximise potential with at least redecoration. It would also benefit from a new kitchen and either a new bathroom or at least new bathroom fittings and décor.
Its current only the market for £90,000 and with a healthy renovation budget of £10,000 you could expect to see rental returns of £500pcm. This would bring you in an annual yield of £6,000 which is a 6% gross return on your investment.
If you are interested in the property, please get in touch on 01524 843322 or drop me an email – firstname.lastname@example.org