This week’s 60 second investment is based at the Hastings in the Greaves area of Lancaster. It is a top floor apartment with one bedroom, good sized living area and kitchen. It has the excellent added benefit of a dedicated parking space. Close by there are some great local amenities as well as easy access into the city centre. The hospital and universities are also in easy reach, making it a popular area for potential tenants. As it stands at the moment, there is a tenant in situ.
It is currently on the market for £110,000 and with a potential rental income of £600pcm, you could expect to see annual yields of £7,200 which is a 6.5% gross return.
For more information, please give us a call on 01524 843322.
https://www.jdg.co.uk/property-details/lancashire/lancaster/the-hastings/32294910