This week’s 60 second investment is from the Skerton area in North Lancaster.
Offering two double bedrooms and an attic room, this terrace on Broadway has been finished to a great standard with modern galley kitchen and contemporary bathroom – ready for a tenant to move into. Close by there are local shops and food outlets as well as easy access to the City Centre and Bay Gateway for the motorway. Tenants will also enjoy walks by the River Lune and in Ryelands Park.
It is on the market for £115,000 and with a rental income of £575pcm, you could expect to see a gross yield of £6,900 per year which is a 6% gross return
For more information, please give us a call on 01524 843322.