On this blog I often focus on great one and two bedroom lets, but this well presented 3 bedroom house on Lordsome Road in Morecambe would make a perfect family let. More and more families are looking at long terms lets as you will have seen in some of my previous articles, so investing in slightly larger properties such as this one would be a good move.
A perfect family let – returning a gross yield of 6%
Located within easy reach of local primary and high schools, this 3 bedroom semi-detached property would attract a range of tenants, particularly young families. It is very well presented – well decorated and is bright and airy. There is a modern fitted kitchen and two decent sized reception rooms. Upstairs there is a great sized double bedroom with views over fields and there are two smaller rooms – perfect for the kids or a study. To the rear there is a low maintenance garden with patio, bark and decking as well as outside storage – perfect for a rental property.
I don’t think you would have a problem renting this out at £550 PCM it is on the market for £115,000 but if you bought for £110,000 you could see an impressive 6% gross return on your investment.
This is definitely not one to pass over – here’s your link:
http://www.rightmove.co.uk/property-for-sale/property-43884615.html