Lancaster Property Bargain!

I’ve been looking on Rightmove today seeing for our regular landlords what property bargains are available out there.  I’ve created a shortlist. It’s very varied as different landlords have different requirements.  Some want high yields,  some are looking at long term growth.  Others wanting the best of both worlds!

Granville Road, Lancaster It needs renovating

Granville Road, Lancaster
It needs renovating

 

Whilst searching,  I came across the house above.   At £55,000 this house is cheap.  You could say its cheap for a reason.   Or reasons…..

  1.  It’s not in the best of area’s….
  2. It’s not in the best of conditions…..

However.  Look at the price at tag.  Think what you could do for it.  Rent it out to a DSS tenant and once you have renovated this home you could expect to achieve a minimum of £450 pcm.

What do you think?

Here is the link for you

http://www.rightmove.co.uk/property-for-sale/property-44817510.html