Are you looking for an investment property in Lancaster?
This is a great time to expand your property portfolio, as there is a shortage of high quality rental properties in Lancaster right now.
In the Lancaster Property Blog we bring landlords the best tips, latest investments and changes to the relevant legislation.
In this article, we recommend 4 apartments worth a closer inspection.
This 1 bed apartment offers great living space on the top floor of one of Lancaster’s most popular developments. It comes with a large open plan lounge diner with a stylish kitchen and a generous sized double bedroom.
We’re currently renting out a similar apartment in Lune Square for £625PCM, which would give you a fantastic 6.5% return.
This well maintained city centre apartment occupies the entire upper floor of a period home. There’s a spacious lounge and the dining room could be used as a second bedroom. Even better, it is close to the canal and comes with private parking.
These apartments rarely come available for sale. We would expect this to rent for around £550 per calendar month.
Another great investment is this one bedroom apartment located within the sought after Ushers Meadow development, for over 56s only. It has been freshly decorated, with a new bathroom and kitchen and neutral decoration throughout. This property is ready to rent out straight away.
With a rent of £450PCM, this apartment would bring in a 6.7% return for the asking price.
Finally, we have to show you this fantastic apartment in The Residence, a prestigious address in South Lancaster. This is a really special find, with its own private courtyard garden.
It also offers high ceilings, open plan living space and fully integrated kitchen. The luxury bathroom is by Villeroy and Boch. The bedroom is fully fitted with wardrobes.
If you were to rent out this apartment for £700PCM, it would provide a substantial 5.6% return.
If you’re interested in any of these properties, or would like to know more about the Buy to Let market in Lancaster and Morecambe, please get in touch. At JDG we are here to help.
Call us on 01524 843322. If you’d like details about our rental package and how we help local landlords, please ask to speak to John, Josh or Michelle.