This week’s 60 second investment comes from Melrose Street in the Moorlands area of Lancaster. This two bedroom mid terrace is very well presented throughout with a modern fitted kitchen and downstairs bathroom.
There are some excellent schools nearby as well as some local shops and easy access to the city centre and Williamson Park. The property has been successfully let out in the past and is ready for a tenant to move straight into.
It is on the market for £140,000 and with a rental income of £675pcm you could expect to see potential gross annual yields of £8,100 which is a 5.7% gross return.
For more information, please give us a call on 01524 843322 or click below for further details: https://www.jdg.co.uk/property-details/-/lancaster/melrose-street/32416826?