This week’s 60 second investment comes from Ashbourne Drive in the Skerton area of North Lancaster. This mid townhouse offers accommodation over an unusual split level layout. There are two bedrooms, generous lounge and fitted kitchen and bathroom. The décor is neutral throughout. The property benefits from front and rear gardens as well as a dedicated parking space. Close by there are some local amenities, walks along the Lune and easy access by car to the city centre and M6 via the Bay Gateway. It is currently tenanted.
The property is on the market for £110,000 and with a potential rent income of £625pcm you could expect annual gross returns of £7,500 which is a 6.8% gross yield.
For more information, please give us a call on 01524 843322 or email josh@jdg.co.uk
https://www.jdg.co.uk/property-details/-/lancaster/ashbourne-drive/32315160