Turnkey BTL - Lincoln

TURNKEY - BTL - LINCOLN

LET AND FORGET - GUARANTEED RENT OPTION AVAILABLE FOR PEACE OF MIND AND 'HANDS OFF' INVESTMENT (See Below)

** £1,150 pcm
** No chain
** Vacant possession
** Close to City Centre
** Turnkey – ready to rent
** Total profit projection over 10 years = £141,914.03

Key property details:-
- 3 bed terrace
- 2 bathrooms
- 90 sq m
- Council Tax band A
- EPC 66 D

BASED ON RECOMMENDED PURCHASE PRICE OF £126,000
(Suggested price is £10,000 below market value and therefore the equity will be more than your costs to purchase the property).

BTL mortgage (2yr fixed, LTV 75%, interest 5%, No fee)
* Monthly mortgage payment: £393.75
* Market rent = £1,150 per month
* Net monthly rental profit = £611.25
* Net annual rental profit = £7,335
* Gross Yield 11%
* ROCE 16%
▪ Profit projection in 10 years capital growth 5% PCA = £89,226.20
▪ Profit projection in 10 years net rental growth 4% PCA = £88,064.80
▪ Total profit projection over 10 years = £177,291

LET AND FORGET GUARANTEED RENT: No stress hands free investment!
** Instant income per month without waiting to find tenants.
** No tenant finding fee to pay.
** No letting management fee to pay.
** A guaranteed income paid to you on time, every month.
** You still get paid even if the sub-tenant pays late or doesn’t pay at all.
** No set up fees, monthly commissions, or hidden extras.
** No direct contact with the sub-tenant. Everything is dealt with. No queries or complaints for you to deal with.
** A guaranteed contract start date – no void periods to worry about.
** If ever needed, court costs and the eviction process covered whilst still being paid.
** Property inspections and maintenance management taken care of.
** Internal condition guaranteed (subject to fair wear and tear) up to one and half months’ rent.
** Versatile contract 1 or 2 or 3 years and your choice if you want to renew or not

Why now is the time to buy in Lincoln?

- Lincoln has always been a popular city with tourists due to its history (castle, cathedral 'Steep Hill') but it has also seen significant growth in recent years.
- The city is actually attracting new high-street names and has had its best year ever for tourism.
- The success of the university has also added a young, modern, fashionable element to the shops and restaurants on offer.
- Strong rental yields and consistent housing demand which looks set to only increase.

Why Invest with Sourced?

We handle everything for you; sourcing the property, doing the refurbishment, placing tenants, and collecting rent. You simply purchase the asset and receive the net income.

Comprehensive property wealth-building package in one place:-

-Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
-Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
-Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
-Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.

Do you provide any additional services?

I can personally recommend the following additional services for peace of mind:-

• A top-tier legal conveyancing team
• A professional and compliant renovation team
• Guaranteed rent options

Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1

So what are you waiting for? If you are interested in this or similar opportunities, please get in touch.