Todays property find is one of Lancaster’s prime areas for investment and first time buyers. It’s an area where the two buyer types battle it out, looking for the best deals.
Dunked Street, Moorlands
Moorlands has always ben popular with investors. It’s been long considered a safe area. Period starter homes like these simply aren’t being built anymore. You can walk into the city, the park is almost on your doorstep and two of the city’s largest employers ( university and hospital ) are close by.
This house might not be the cheapest in the area, but looking at the details it has rank as one of the best.
Cumberland Estates, the selling agent in this one tell us that it has just been fully renovated and to a very big spec. It’s fully rentable from day one.
Buy this and ask the selling agent, if your rental agent can show tenants round the week before it completes. You could be earning from day 1.
The asking price is £119,950. Expect to achieve a gross rent of 5.75% based upon a monthly rent of £575pcm
http://www.rightmove.co.uk/property-for-sale/property-37898622.html