Here at the Lancaster Property Blog, we like to mix things up a bit and highlight properties which you may not have considered investing in before!
Take this 1 bed ground floor apartment on Ushers Meadow. It is in city centre, on the flat and very handy for the train station. It’s also just £69,950.
If you could secure this for around £65,000 and rented it out at just £450 pcm, you could have a potential gross yield of just over 8%.
I’m pointing this out as another investor friend as recently bought one. As he rightly points out, there is a high chance it will be long term tenant who takes it which minimises any void periods.
Worth a look at?
http://www.rightmove.co.uk/property-for-sale/property-34690293.html