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£11,917
ROCE23%
Yield17%
Purchase £ £11,450
Property description
Strategy: Buy to Let
"Double Profit BRRR in Lincoln"
Are you in the market for DOUBLE the rental income on what would be a standard Buy-to-Let Opportunity?
This property is located in an area inside Lincoln where a unique strategy has emerged and has proven its effectiveness. The chosen property is an incredibly well suited property for this strategy in layout and in nature.
Here is how it works:
- The property is split into 2 floors, creating two self contained flats with minimal works thanks to cleverly managing layouts and access. The result? This ends up generating close to DOUBLE the rental income on what would be a standard Buy-to-Let Opportunity, for hardly any extra costs in refurbishment.
- Robustness: This strategy has been implemented in other properties nearby in Lincoln, where the demand continues to show its rise. Comparables are available upon request.
- Effectiveness: Instead of only £450 net profit per month, this strategy increases the earnings of this property to £993 per month, providing 2x increase.
The property currently is requiring cosmetic refurbishment throughout, with no major works required.
The property is conveniently positioned within easy walking distance of Lincoln city centre, local shops, amenities, public transport links, and Lincoln’s universities and hospitals. All of which contribute to the area's strong rental demand.
Rental demand in Lincoln, UK, is currently strong and robust, consistently outstripping the supply of available properties. This high demand is driven by several factors, including a growing population, an under supply of new housing, and a decrease in the number of available rental homes in recent years. Vacant possession and offered with no onward chain. There is also future value with an attic room that could be converted into another bedroom and add more value.
The financials:
▪ Purchase price: £86,000
▪ Refurb costs: £37,200
▪ GDV: £130,000
▪ Annual profit: £11,917
▪ Yield: 17%
▪ ROCE: 23%
▪ Monthly profit: £993
For further information, please get in touch.
Sourced reference: 524674479152947
Due diligence
No information supplied.
Location
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£11,917
ROCE23%
Yield17%
Purchase £ £11,450
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
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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