This one is a great project for prospective landlords – this 2 bedroom, first-floor apartment offers plenty of living space but is in need of an update. We think it would benefit from new carpets, decor and ideally a new kitchen and bathroom.
It is in a great location on Hampsfell Drive with easy access to local amenities as well as Morecambe and Lancaster.
It is on the market for £80,000 and with a generous renovation budget of £15,000, we think you could get £525pcm which would be a £6,300 gross yield per annum which is a 6.6% gross return against the £95,000 outlay.
If you are interested please give us a call on 01524 843322.