This month we are focusing on the LA1 1 area so this week’s 60 second investment comes from Carr House Lane just off of Dallas Road in the city centre.
This two-bedroom apartment is converted from part of a double fronted Victorian terrace. It offers really bright living spaces thanks to large Velux windows. As well as the two double bedrooms, it offers a spacious lounge, fitted kitchen and three piece bathroom. It also comes with the additional benefit of its own private parking and a communal courtyard.
It is on the market for £120,000 and with a rental income of £650 PCM you could expect to see a gross return of £7,800 per year which is a 6.5% gross yield.
Give us a call on 01524 843322 to get a viewing booked in.