Bay View Court is located in a prime position at the heart of Lancaster City Centre. The area has a mix of properties ranging from large Victorian Terrace homes to modern style apartments.
This property is located close to Lancaster Train Station and Lancaster's Historic Castle and The Priory. Only a short walk away is the main City centre which has a vast variety of shops and amenities which will appeal to many buyers.
What we like...
We love the location of this home. Everything is so handy for you and the fact that there is no chain involved this is an ideal property for any first time buyer or investor. If you rented this property out you could be looking at a figure of approx £450 pcm which gives an investor a gross yield of 6.7% per annum which equates to £5,400 gross return per annum. A fantastic return!
A little about the home
Situated in the main part of the building in Bay View Court on the first floor is where you will find this apartment. Once inside you will find the hallway has access to all the rooms available.
The main living room is open plan to the kitchen allowing you space to relax, dine and cook. Buyers will find the bedroom to be a generous sized double room with space for the expected furniture and there is of course a three piece bathroom suite with a shower above the bath.
Ideally positioned for the city centre and all of its amenities, we love the location of the property.
The living accommodation
As you step inside the hallway for this apartment you will see that the neutral decoration offers a welcoming feel. Access to all the rooms can be gained from here with the living space being just off to your right hand side.
The lounge looks out over the front of the building from two double glazed windows. Once again the neutral decoration allows any style of furnishings you may have to fit right in. The room also has enough space to add in a small dining table if you so wish and this space is open plan to the kitchen.
Buyers will see that the kitchen offers ample built in store and work space. The owners are also willing to include both the washing machine and the fridge in the sale if needed. The oven and hob are both integrated along with an extractor fan above. To the far side of the kitchen there is a full height built in cupboard where the ironing board and hoover could be stored.
Bedroom and bathroom
The bedroom also overlooks the front of the building and once inside you will find there is enough space for a double bed and the furniture you would expect to have. Once again the soft, neutral decoration continues here so you can move your bits and pieces straight in.
Finally inside there is a three piece bathroom suite which has a shower above the bath. The room has been partially tiled to complement and there is a built in extractor fan to the ceiling to take away all the steam when you are enjoying your shower or a relaxing bath.
The communal areas
The main entrance to the building opens up into a large entrance vestibule where access can be gained to a bike storage area available to the residents.
- Council Tax Band A - Potential £450 pcm income which equates to a gross yield of £5,400 per annum - This gives you a gross yield of 6.7% before costs - No chain - Built in 1996 and has the remainder of a 999 year lease - £50pcm service charge
One Bedroom First Floor Apartment
Open Plan Lounge/Diner/Kitchen
Modern Three Piece Bathroom
Available with No Chain
EPC Rating - D
Ideal Investment Opportunity
Potential 6.7% Gross yield
Close to City Centre & Station
Residents Parking Scheme
Calling all Investors!!! This first floor apartment with no chain could offer you a potential gross yield of 6.7% with an annual gross yield of £5,400. A great return on this one bedroom apartment, so close to the city centre and railway station. Why not ask us more about how we can find you a suitable tenant? EPC - D