City centre apartments are always popular with tenants and The Millrace in Lancaster is no exception. It offers luxury accommodation within steps of the city centre and has two bedrooms, a large open plan living area and two bathrooms. It has been finished to a high standard and would appeal to the professional market. There is parking in the under-croft for those travelling further afield and easy access to the train and bus station as well as great walks along the River Lune.
It is currently marketed at £170,000 and with a potential rental income of £750 PCM, you could expect £9000 PA which equates to around 5.3% gross yield. With it massive rental potential, I wouldn’t expect it to hang around for long!
Check it out here: https://www.jdg.co.uk/property-details/26906016