Now here is a good challenge for you – I have found this great two bedroom apartment in Castle Court, Lancaster which could make you some great returns. It boasts an enviable location, looking out over greenery and being just minutes walk from the train station, castle and city centre.
If offers two decent double bedrooms, a good sized lounge and a kitchen and bathroom. Now the catch… it could definitely do with some major upgrades and I mean a rip out and start again kind of job but with the right eye and design prowess this could be a great little earner.
We have successfully rented out other apartments in this development and, in the right condition, you could achieve £550 PCM. It is on the market for £87,000 and if you replaced the kitchen, bathroom and redecorated to a decent standard – say £15,000, you could expect a gross yield of 6.4% – around £6600 PA.
Fancy the challenge? Here is your link:
Get a viewing booked in by calling 01524 843322