A 13% return is not to be sniffed at is it?
This 3 bed, 2 reception room has just gone up for sale. It’s a student rental in an area of Lancaster which is very much in demand with students.
This student let grosses over £16,000 per annum
The home has been well maintained. The bedrooms are all doubles. The current landlord get £85 per room per week, over 48 weeks of the year which gives a gross return of 13%. It’s not to be sniffed at!
Check out the details here
http://www.rightmove.co.uk/property-for-sale/property-46565277.html