This one bed flat is in South Lancaster, a great area for landlords given that the universities and the hospital are all in close proximity.
This is an interesting opportunity. There is a tenant in situ already paying £500. If you paid the full asking price it is producing a gross yield of just 8.5%.
The Hastings, Greaves. Current let at £500 cpm
The details from Entwistle Green tell us it has just been reduced to £70,000. It comes with private parking and a garage. It is also on a main bus route so if your tenant does not drive, that is not a problem.
Why is it so cheap? And that has to be the question you ask of the agent. It’s a popular development with tenants. My own agency already rents out several here. It’s worth taking a look!