Fantastic! 3-Bed Flip in Lincolnshire

Introducing a superb 2-bed end terrace conversion to fully renovated 3-bed flip or rent. This is a fantastic opportunity to acquire this 2-bedroom end terrace home in the ever popular residential area of Birchwood. Offered with no onward chain making it an ideal investment purchase. It is a blank canvas ready for a full refurbishment to restore it to a high standard of living accommodation. The property is exceptionally well located, just a short walk from supermarkets, transport links and a short drive to Lincoln city centre.

House prices in the Birchwood area of Lincoln have shown positive capital growth in the last year, with overall average sold prices up 3% compared to the previous year and 5% since the 2022 peak.

Perfect for both seasoned investors and new entrants to the property market, this is a rare opportunity for quick turn around high performing asset in a growth area.

The financials:
▪ Purchase price: £102,000
▪ Refurb costs: £30,000
▪ Purchase costs: (stamp,legals,survey,) £8,450
▪ Sourcing fee £5000+Vat
▪ GDV: £170,000
▪ Profit: £25,000
▪ Gross rental income £1100 pcm

With Sourced you get the full property wealth building package in one place;
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.
Highly skilled renovation team ready to go!
Please contact me for more details. Email: michael.parry@sourced.co

Sourced reference: 679668452937235