There’s a growing trend of investors buying retirement apartments currently. They are seeing the advantages. Low Prices, the maintenance is all covered and the fact they generally attract tenants who looking for a longer term home.
Expect a gross return in the region of 9% on this Lancaster apartment
Retirement apartments in the main are designed for the over 55’s. Many of the residents that live in them have sold larger homes and are downsizing in order to enjoy an easier lifestyle and release equity for their retirement.
Take a look at this property. It’s in a superb central location, set just off the city centre and not far from the canal. The street is relatively flat, always a plus for the mature residents.
We currently rent another apartment here for one of our landlords. It earns £450pcm. Purchase this and you have a gross return of approximately 9%.
Here’s your link. What do you think? Tempted?
http://www.rightmove.co.uk/property-for-sale/property-46749936.html