This Lancaster 2 bed townhouse is a great investment buy

I thought seeing as I had 5 minutes spare, I’d have a quick look through Rightmove to see what great investments there are available this week.

I was quite surprised to come across this.  With an asking price of just £115,000 it grabbed my attention.  My own agency has sold 2 bedroom ex-council homes in this area for more money!  I even own once myself on this same development.  It rents out fantastically well.  In fact the same tenant has lived there for well over 5 years!

Broyd View, Lancaster.  Expect to achieve in the region of £595 pcm

Broyd View,  Greaves.   We already manage two other properties on this street


Broyd View is in Greaves.  It is a great location, very close to the city and also several of Lancaster’s key employers – eg, the hospital and universities.  Looking at the photos it needs some tlc, however it has a garden area and parking, something which tenants ask for!   We could easily find a great tenant for this.

We think you could rent this out for £575.  If you paid the full asking price for this home,  you could expect a gross yield of almost 6%.

Check out the details on Rightmove here