What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£44,400
ROCE25%
Yield16%
Purchase £ £40,000
Property description
Strategy: Buy to Let
Low Cost Local Authority Let - Lincolnshire
Looking for an affordable, cash-flowing investment with minimal day-to-day management?
This local authority let 1-bed apartment offers a low entry price and stable income, making it ideal for both new and experienced investors looking to diversify their portfolio.
Investment Summary
• Purchase Price: £40,000
• Total Cash Invested: £18,000 (incl. deposit, legal, SDLT & fees)
• Monthly Rental Income: £525 pcm
• Annual Rental Income: £6,300
• ROCE: 25%
• Gross Yield: 16%
• Net 11%
• Gross Rent to Mortgage Cover: 420%
• Net Rent to Mortgage Cover: 296%
Why Investors Like Local Authority Leases
• Reduced day-to-day landlord involvement
• Professionally managed tenancy arrangements
• Lower management burden than many traditional buy-to-let investments
• Ideal for investors seeking predictable, long-term cash flow
• Excellent addition to a growing property portfolio
Why This Deal Stands Out
Properties at this price point delivering a 16% gross yield, 11% net yield, and 25% ROCE, this investment offers an excellent balance of affordability, cash flow and long-term income potential.
Whether you're building your first portfolio or expanding an existing one, this is a compelling opportunity to secure a high-yield investment backed by a local authority lease.
Full Support Package
This opportunity includes access to a comprehensive sourced support package, including:
• Sourced Enterprise – Full limited company SPV and accounting solution
• Sourced Finance – Specialist lending not available on the high street
• Sourced Living - Fully compliant lettings management service
• Legal conveyancing team available if required.
Next Steps
This asset is competitively priced and positioned for quick acquisition. To request financial analysis and local authority lease details or to reserve this opportunity, please contact us today.
*Subject to the terms and conditions of the Local Authority lease agreement
Sourced reference: 259726912362475
Due diligence
No information supplied.
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£44,400
ROCE25%
Yield16%
Purchase £ £40,000
Sales Agent
Smijo Peter
Crestora Property Group Ltd
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network