Excellent yields when you invest in a Lancaster retirement apartment

Here at the Lancaster Property Blog, we like to mix things up a bit and highlight properties which you may not have considered investing in before!

Excellent yields when you invest in a retirement apartment

Take this 1 bed ground floor apartment on Ushers Meadow.  It is in city centre,  on the flat and very handy for the train station.  It’s also just £69,950.

If you could secure this for around £65,000 and rented it out at just £450 pcm,  you could have a potential gross yield of just over 8%.

I’m pointing this out as another investor friend as recently bought one. As he rightly points out,  there is a high chance it will be long term tenant who takes it which minimises any void periods.

Worth a look at?

http://www.rightmove.co.uk/property-for-sale/property-34690293.html

 

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