£ 115,000
Added: 15/04/2025
Profit pa£3,488
ROCE76%
Yield6%
Property description
Strategy: Buy to Let
Deal 65 - Hands-Off BRRR: Lincoln
This is a 2-bedroom terraced home in Lincoln.
Key investment highlights:
▪ Purchase price: £115,000
▪ GDV: £195,000
▪ Refurb costs: £22,000
▪ Estimated monthly rent: £900
▪ Annual profit: £3,488
▪ ROCE: 76%
▪ Gross yield: 6%
Our All-Inclusive Service:
- Property sourcing: we identify and secure profitable investment opportunities.
- Finance: we assist with securing competitive financing options.
- Refurbishment: our in-house team handles all renovation and refurbishment work.
- Tenant placement: we find reliable tenants and manage the tenancy process.
- Property management: we provide comprehensive property management services, including rent collection and maintenance.
Sourced reference: 345717128781349
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.
Due diligence
Lincolnshire
Economic Landscape
Advanced Manufacturing & Engineering:
Lincoln has a strong engineering heritage, with companies like TSP Engineering (steel fabrication for nuclear/energy sectors) and Siemens (industrial automation) operating in the area. The city is part of the Greater Lincolnshire LEP, which prioritizes advanced manufacturing and agri-tech
Agri-Tech & Food Production:
The National Centre for Food Manufacturing in nearby Holbeach supports Lincolnshire’s status as the UK’s "breadbasket," with major food processors like 2 Sisters Food Group and Bakkavor contributing to the local economy
Public Sector & Education:
The NHS (King’s Mill Hospital) and University of Lincoln are top employers. The university drives innovation in sectors like robotics and agri-tech, with spin-offs like the Lincoln Institute for Agri-Food Technology
Retail & Tourism:
Lincoln’s historic core (e.g., Steep Hill, Cathedral Quarter) attracts tourists, while the Cornhill Quarter regeneration project modernizes retail spaces. The annual Lincoln Christmas Market draws 250,000 visitors
Emerging Sectors:
Renewable Energy: The Western Growth Corridor includes plans for sustainable housing with solar/EV infrastructure
Digital Economy: The university’s EPSRC Doctoral Programme fosters tech startups in AI and engineering
