It’s not often we feature buy to let deals with a return under 5% however when this came up for sale, we thought it worth highlighting due to the high demand from people wanting to live in this area!
Freehold is one of the most in-demand locations in Lancaster. People want to live here due to the lifestyle offer, the greenery that surrounds the area plus there is excellent broadband speeds. This area attracts lots of academics and people who are more environmentally aware. When a house comes up to let, it is often snapped up quickly.
This house would easily let for £575 pcm. You could push £600, however, at JDG, we have always felt rents should be kept attractive to attract longer-term tenants, thus fewer void periods!
Homes in Freehold also have excellent long term growth potential. It is a unique area of the city due to the fact so many period homes have extensive gardens. If you are looking for long term equity growth as well as a good return on investment – seriously consider this home.
Here is your link..
https://www.jdg.co.uk/property-details/lancashire/lancaster/grasmere-road-1/30108540
Call us to view on 01524 843322 or email sales@jdg.co.uk
Ps. JDG TIP – We would suggest an extractor fan is added in the kitchen.