3-Bed BTL in Lincoln

High Appreciation - Buy to let - Lincoln

*EPC Rating D
*Money in: £57,900 with mortgage
*Monthly profit £401.13
*Total profit projection over 10 years = £168,877.22
*Guaranteed rent options available

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal with capital growth of 5% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, survey, stamp, mortgage fee).

Property prices in the LN2 area of Lincoln are predicted to grow by roughly 18.5% to 22.2% total between 2026 and 2030. This location sits just north of the city centre, making it highly desirable. The local market is highly resilient. Historic data from ⁠Zoopla shows that recent property sales on the street are already up 34% compared to the 2021 market peak. This strong demand ensures LN2 should easily meet or beat regional growth averages.

Key property details:
- 3 Bed Semi Detached House - Lincoln
- Well connected
- City centre location
- Large garden
- Gated driveway
- 119 sqm
- EPC D
- Council tax band A
- Vacant possession
- No chain
- Guaranteed rent options available

Key Financials example -
Recent Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee:
▪ Total investment needed: £57,900
▪ Purchase price: £170,000
▪ Deposit: £42,500
▪ Legals: £2,000
▪ Stamp duty: £9,400
▪ Refurb costs: £0
▪ Market value: £180,000
▪ Gross monthly rent: £1,100
▪ Gross annual rent: £13,200

▪ Deductions: Mortgage £558.88, Letting agent £110, Insurance £30
▪ Monthly profit after deductions: £401.13
▪ Annual profit: £4,813.50
▪ Gross yield: 8%
▪ ROCE: 8%
▪ Net rent mortgage coverage: 172%

▪ Profit projection in 10 years capital growth 5% PCA = £119,489.98
▪ Profit projection in 10 years net rental growth 3% PCA = £55,181.38
▪ Total profit projection over 10 years = £174,671.36

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.
Professional and compliant renovation team ready to go!

Let me know if you are interested in this as soon as you can.