Is this Lancaster house the property bargain of the week?
If you are looking for an investment, especially in the student sector, this Lancaster home (which is 2 minutes away from the train station) is a must consideration.
Taking a look at the floor plan you can easily see there are 5 letting rooms ( 4 double bedrooms plus a reception room). The bathroom is big enough to re-configure and get an extra toilet in.
If you let this at just £80 per room per week and charged for just 40 weeks of the year, you’d expect to see a gross yield of 13.3% and that is at the full asking price!
Take at the look at the details. You’ll need to do some updating but what do you expect at this price!
http://www.rightmove.co.uk/property-for-sale/property-39331470.html
Ps. The university bus also passes close by on Willow Lane. Another plus for students!