Are you a Lancaster Landlord? If so you will be interested to know there is now a big shortage of rental properties in Lancaster.
Lancaster University is expanding and with promising news of the Eden Project in neighbouring Morecambe, more and more landlords are looking to buy in our area.
We are also starting to get requests about potential properties that would make good Air BnB properties so we thought we would feature a couple of recommendations.

This would rent this at £600pcm
https://www.jdg.co.uk/property-details/29069974

We’ve worked on 4 bedrooms, letting for 50 weeks at £90 per room. See the details below.
https://www.jdg.co.uk/property-details/29072607

This would rent for £550 pcm. It would give a 5.7% gross return based on the above asking price. Why not consider Air BnB on this? If let it for just £50 per night, it would give £350 per week gross. If it let for 40 weeks in the year – you would have a gross income of £14,000.
That is a whopping 12% gross return!
http://www.jdg.co.uk/property-details/26869538

This 2 bedroom home would let for £550 pcm given its generous size garden
www.jdg.co.uk/property-details/29067269

Once updated though, you can expect a rent of £550pcm. It’s a great location, close to the University of Cumbria and Lancaster Hospital.
http://www.jdg.co.uk/property-details/29061161

If you kept the rent the same, it yields at 6% gross. We think you could now achieve higher at £550pcm.
This apartment has 2 bedrooms. It is on the top floor and it comes complete with private parking. It’s in a really nice part of
https://www.jdg.co.uk/property-details/28762760

This home has 4 bedrooms. Let it at just £80 per night and you will get a weekly income of £560. If you let it for 40 weeks of the year, it becomes a gross income of £22,400 which is a 9.7% return!
Should decide you would rather let it to the professional market, expect to achieve £800 pcm
https://www.jdg.co.uk/property-details/28699301
Interested in any of these? Would you like to know more about the buy to let market in Lancaster and Morecambe? If so, please get in touch. At JDG we are here to help.
Call us on 01524 843322. If you’d like to know about our rental service and how we help local landlords, please ask to speak to John, Josh or Michelle.