Lancaster City Centre Retirement apartment with a 6.3% Gross Yield

This fantastic apartment in the popular Ushers Meadow retirement development is a perfect city centre investment. This particular first floor apartment is different to others in that it has been modernised throughout. It offers two great sized bedrooms, one with en-suite as wells as ample livings space and a modern kitchen and bathroom. It is all ready for a new tenant to move into!

We have previously rented in this  area and this apartment offers so much with its brand new interior. For this reason we think you could expect a £525 PCM rental income which would be £6,300 per year. The house is on at £100,000 so you could expect a 6.3% Gross Return. With very little to do to the property this looks like a solid investment. It is worth bearing in mind though, that with it being a retirement development your tenants need to be over 55!

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Give us a call on 01524 843322 to get yourself booked in to have a look round!