For a change, I have found this great, over 55’s retirement property at the popular Barton Gardens development in Bowerham, Lancaster. It is neutrally decorated throughout and offers a great sized lounge, fitted kitchen, two bedrooms and a modern 3 piece shower room. The first floor apartment has it’s own private entrance and is set in well maintained grounds, leading onto a quaint little brook.
It would make a great rental for over 55’s without having that ‘old fashioned’ feel or needing any major renovation. At just £125,000 we think you get expect a rental income of £550 PCM which would bring you £6,600 PA which roughly equates to 5.2% gross returns.
It is well worth a look – https://www.jdg.co.uk/property-details/26993248