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£2,940
ROCE20%
Yield6%
Purchase £ £9,500
Property description
Strategy: Buy to Let
Excellent! Rent or Sell - Lincoln
Cash £0 left in
*Cash purchase no money down down deal, see details at the bottom of the page
Amazing potential with this substantial 90sqm, 3 Bed terrace house which requires full renovation.
The property is exceptionally well located, just a short walk from shops, supermarkets, transport links, Hospital and Lincoln city centre.
Strong Economy and Job Market Lincoln has a diverse and growing economy with key sectors including manufacturing (e.g., Siemens), healthcare (e.g., Lincoln County Hospital), and education (e.g., the University of Lincoln).
Transport Links: The city offers excellent transport links, including a direct train to London's King's Cross station in approximately two hours and easy access to major road networks and several international airports.
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.
Key Property Details:
- 3-Bed, 2-Bath Terrace
- EPC E
- No chain
- Council tax band A
Key Financials using bridging loan:
▪ Total investment £56,770
▪ GDV £200,000
▪ Money Left in after refinance: £13,190
▪ Monthly profit £245
▪ Annual profit £2,940
▪ ROCE 22%
▪ Gross Yield 6%
▪ Profit on sale £38,750
▪ ROCE 50%
▪ Profit 19%
*If you can use cash then this is a no money down deal.
Total cash required £148,700
▪ GDV £200,000
▪ Refinance £150,000
▪ Money left in £0
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.
Sourced reference: 766327481494473
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£2,940
ROCE20%
Yield6%
Purchase £ £9,500
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