I have just found a great terrace on Alexandra Road, North of city that would make a perfect investment. It is situated in Skerton which is an up and coming area only a short drive north of the City Centre. The A6 is close by making this area very commutable and the River Lune runs close by which provides attractive walks. The area also has excellent local amenities close by that includes shops, doctors, dentist and chemist.
Great BTL terrace on Alexandra Road – 6.3% Gross Return
The property consists of 2 great sized bedrooms and a large lounge with a modern kitchen and bathroom. The whole house is in great condition and is stylishly decorated throughout. The rear yard is an appealing feature to this home. To begin with there is the space to sit out. It faces south, therefore on a sunny day you could even dine alfresco. An outbuilding provides useful storage.
We currently let out this property at £475 PCM so with an asking price of £90,000 you would expect a gross return of £5,700 PA which equates to around 6.3%
It is well worth a look at so get a viewing booked in. Here’s your link:
http://www.rightmove.co.uk/property-for-sale/property-47657784.html