I think we all wished we had invested here when these apartments were first built. The housing market had just crashed and the developer had to sell them. Looking back, they offered some of the best deals in the Lancaster Property market!
Now, they are one of the most requested develoments by tenants (It’s a combination of the canal side location, city centre and the fact many have a balcony)
This apartment is currently let out at £675 pcm. It’s a long lease at 280 years remaining so it will out live all of us. If you paid the asking price, you’d get a gross yield of 5.8%
Here’s the link. We know several landlords who own multiple apartments in this development already. It’s got to be worth consideration!
http://www.rightmove.co.uk/property-for-sale/property-34216491.html
Let me know what you think to this deal or if you’d like help looking for an ideal buy to let, email me at john@jdg.co.uk.