Studio flat for sale

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Studio flat for sale

Galgate, The Mill, Chapel Lane, Galgate, Lancaster LA2
£70,000

Price History

Initial price £80,000
16/01/25 £70,000
Price Change -12.50%

Description

Yieldit presents a luxurious studio apartment within the Silk Mill development, perfect for students at Lancaster University and Graduate College. The property is located in the Lancaster green belt area, just a short walk from the university and hospital, with excellent transportation links and bicycle rentals available. The apartment features a modern kitchen with built-in appliances, a double bed, built-in wardrobes, study space, TV, and en-suite shower room with towel heater. The building offers communal space, including a games room, gym, and study area, as well as proximity to local bars and cafes. The property yields a gross return of £9,000 per annum, with a net income of £4,050 and a gross yield of 12.86%.