This week’s 60 second investment comes from Longlands Road in the Vale area of North Lancaster.
This one needs a bit of cosmetic work but offers great sized rooms, a generous garden and off street parking. We have rented it previously and tenants enjoy living in the area. Once the work is done, it will be very popular with tenants.
It is currently on the market for £110,000 and we would budget around £10,000 for improvements. With a rental income of £650pcm you could expect annual gross returns of £7,800 which would be a 6.5% gross return.
For more information please give us a call on 01524 843322 or email josh@jdg.co.uk
https://www.jdg.co.uk/property-details/lancashire/lancaster/longlands-road/31266437