This week’s investment is based on Dunkeld Street in the popular Moorlands area of Lancaster.
This two double-bedroom property has been modernised throughout with a contemporary kitchen and bathroom. The décor throughout is neutral and clean making it ready for a tenant with very little work. It has a fantastic location with Williamson Park close by up the hill and Lancaster Canal and City Centre a short stroll down the hill.
It is currently on the market for £127,500 and the current tenant pays £575pcm. This would bring you in an annual gross yield of £6,900 which is a 5.4% gross return.
For more information or advice on investments in Lancaster, please get in touch on 01524 843322.