3 Bed Terraced House, St. Andrews Street, LN5

Lee Lettings – Quality Private Landlord Lettings & Mentor Services

**Photos are indicative, as a current light refurb is underway **

 Lincoln, LN5
 Comfortable, Quiet, Living Accommodation in a Period Terrace House
 Central Lincoln
 Ideal for SA, R2R, R2SA, Holiday Let. Smart pricing & independent pricing websites indicate significant profit (50%+ return) at 61% occupancy, break even at 40% (this factors in rent, utilities, taxes). We achieve 85% occupancy on our self-managed portfolio. For average up-front set-up costs, we would expect full ROI within 6mo based on correct marketing and going live outside of Jan/Feb. If more detail on this is required, you need your own research & our mentoring services!
 All applications considered fairly on individual merit
 Available immediately!

  Useable as 3 or 4 Bed house
  2 Double Bedrooms, 1 Single, (1st Floor) 1 Ground Floor Reception room useable as double bedroom
  Private SW-facing garden and outhouse building with ample additional storage
  Separate Large Kitchen-diner and Large Lounge
        Ground Floor Bathroom and Shower
        Comfortably sleeps 5 for SA and 6/7 with lounge sofa bed
  Ample, on-street permit parking and non-permit zones
  Ideally located for town centre, train station & bus station
  Ample Schools and nurseries within walking distance
  Certain pets accepted by agreement
  Private Let for use as SA/Company Let/Short Term Commercial Let/ Holiday Lets – Landlords are a full-time, professional and accredited husband and wife team, members of ICO and NRLA
  Minimum application requirements – Fair or better credit score, proof of adequate funds, 2 x positive references, Proof of ID (for R2R etc, proof of company details & relevant insurances or agreement to take out necessary insurances - public indemnity, public liability & contents)
  Mentoring for start-ups R2R companies is mandatory, either via ourselves (heavily discounted if renting one of our properties) or via a reputable & approved alternative mentor or program (not all are acceptable as several programs are offered by mentors with minimal SA experience)

Tenancy Costs


For private letting, nil Pre-Letting Fees, but all tenants > 18 (and guarantor if required) must provide a FULL Experian or Equifax credit report (not just a credit score). 1st months’ rent and deposit payable prior to tenancy as a minimum. If poor credit score and guarantor being used, 3 months rent and or 3 months deposit in advance may be required. Same requirements for a ‘start-up’ company (less than one year actual trading with a property, or first property, or if required by mortgage, portfolio, owners T&C’s.

Monthly Rent, payable only by Monthly Standing Order                                                                                 £1100.00
Deposit, 5 weeks rent.

For R2R/ SA etc, also applicable are as follows

Deposit (IRO, may vary slightly on circumstances) payable prior to move-in/at time of contract signing (we do not offer set up grace period, but will greatly assist with set-up if being mentored by ourselves, to a far higher standard than all our competitors, as you become our 'business partner' as this is one of our properties!)                                       £1650.00                                                                                                                                  
Contract Fees for SA/R2R or similar                                                                                                            £500.00
Check-in Inventory & Keys                                                                                                                         £180.00