This week’s 60 second investment comes from Ushers Meadow, an excellent over 55s development just off of Dallas Road in Lancaster. It is a ground floor, modernised apartment. It has a contemporary kitchen and bathroom as well as wood effect flooring throughout. The communal external areas at Ushers are very well maintained and this particular property also has its own garden area out of the lounge doors. It is a close community and offers quiet living but is also in easy reach of the city centre.
It is on the market for £105,000 and with a potential rental income of £550pcm, you could expect to see annual gross returns of £6,600 which is a 6.2% gross yield.
For more information please click the link below or give us a call on 01524 843322.
https://www.jdg.co.uk/property-details/-/lancaster/ushers-meadow/32241088