Our latest listing is a 2-bedroom mid-terrace house located in Lancaster. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence. For investors looking to expand their portfolio, this is a fantastic opportunity! This property features two bedrooms, two lounges, a three-piece bathroom, and a kitchen. Additional features include a patio and on-street parking. Investment details It currently generates an annual gross income of £9,000, with tenants currently residing there. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio. Please see the Let Property Pack linked below for greater details on this property's investment potential. If you are interested, please call us. Tenancy Details The current tenants have been residing in the property for less than a year and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy. Let Property is committed to facilitating a smooth transaction process between buyer and seller. To ensure maximum commitment to the sale from both parties, a Buyer's Premium will be applied to secure a property.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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