Tenanted houses in Lincoln city for less than £90,000

Tenanted houses in Lincoln city for less than £90,000

13:10 PM, 25th June 2013, About 11 years ago

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“Your Property Concierge ” Kelvin Kingsley has discovered some more bargains, and these are already let!

If you are looking for a low cost, low maintenance freehold property which is pre-let and will return instant cashflow then look no further.

These are almost new, ready tenanted, two year old, two bed terrace houses with a rental income of £500 pcm.

They are priced at £87,950 which equates to a gross yield of 6.82%. With the benefit of a mortgage of up to 75% of the purchase price the cash on cash return could be much higher.

NOTE – there are only three of these two bed units available and they will be sold on a first come first served basis.

There are also a few three bed semi-detached houses available at £109,950 with a rental income of £580.

Details about the development area:

  • Excellent rail and motorway access nearbyWillow tree kitchen pic
  • Off road parking included
  • Booming University population
  • 19 miles to A1 motorway
  • Lincoln city centre 2 miles away
  • Lincoln County Hospital 2.5 miles

There are several comparable sales listed on HM Land Registry in the last year for similar properties in the area. These units were selling between the range of £100,000 and £110,000.

To download a full copy of Kelvin’s “Due Diligence”, property specs and to get details on how to arrange a viewing or reservation please complete the form below.

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Your Property Concierge is a sister brand to Property118.com. Your Property Concierge does not charge fees to investors as we are retained by vendors which are typically developers or insolvency practitioners. According to the Estate Agency Act 1979 this makes us estate agents. Therefore, to keep ourselves compliant the Trading Name “Your Property Concierge” is registered with the ICO and is also a member of The Property Ombudsman redress scheme (membership number – D8072)

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