If you read our latest article “Is it doom and gloom for the Lancaster Housing market”, you might be considering investing in terrace houses. After all the 232% price increase since 1997 is certainly impressive!
This investment could give a gross return of 6.75% and that’s based on paying the full asking price!
Today we though we would feature this 2 bed house on Alexandra Road. It is up for sale with a local Morecambe agent (although the house itself is in Lancaster)
With an asking price of just £79,950, it caught our attention, especially when you consider that two other agents are marketing homes on this street at £100,000.
The details show it be in good order. The agent describes it as being well presented and it is double glazed and gas central heated. There is no chain, meaning if you are quick, there is still chance to get a sale completed before the new stamp duty changes came into force.
Take a look at….
http://www.rightmove.co.uk/property-for-sale/property-38848629.html
Expect to achieve a sensible rental income in the region of £450pcm which at full asking price gives a gross yield of 6.75%