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Hands-Off – Tenanted Properties with up to 38% ROCE

4 tenanted properties on the same street.
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Key Features

  • Tenanted
  • 38% ROCE
  • ROI 15%
  • Multiple Units Available
  • Close to Amenities
  • Off-Market

The Property

A perfect hands-off investment opportunity, consisting of 4 tenanted properties on the same street, with property management in place.

Can be purchased separately or as a portfolio. Each house is £125,000.

This investment ideally suits anyone looking for multiple units with a complete hands off investment.

The properties are 2 bedroom terraced townhouses, spread across three floors. The internal layout of each property includes a utility room, W/C and integral garage to the ground floor.
Upstairs, there are 2 bedrooms and a family bathroom.

Planning Information


The Plan

Option 1 - Purchase this property with tenants already in situ

Buying this property on a standard 75% LTV BTL mortgage means you will need £31,250 plus solicitor's fees to buy the house, and yet the house will repay you £5,443.50 each year, representing a 30% ROCE and fully repaying you in only 7 years!

Purchase price: £125,000
Est rent pcm: £695
Deposit (25%): £31,250
Stamp Duty: £3,750
Purchasing Costs: £2,000
Total Money in: £37,000
Mortgage payment (2.2%): £172
Management fee (10%): £69.50
Annual net profit: £5,443.50
Sourcing fee: 2%

ROI: 15%

ROCE: £37,000 / £125,000 x 100 = 29.6%

Option 2 - Potential to convert this two bedroom townhouse into a 4 double room and 2 bathroom HMO.

Purchase Price: £125,000
Estimated refurbishment: £10,000
Estimated rent pcm: £1,560
Deposit 25%: £31,250
Stamp Duty: £3,750
Purchasing Costs: £2,000
Total Money In: £47,000

Mortgage Payment (2.2%): £172
Management Fee (10%): £69.50

Annual Net Profit: £14,785.50
Return on Investment: 24%

ROCE £47,000 /£1,25000 x 100 = 37.6%

The Location

Boston is going through a period of regeneration to help boost its economy. This year has seen approval for plans including a hotel, a pub, four fast food outlets – including Costa, Greggs and Burger King, and a bathroom showroom. The first show homes were also opened earlier this year.

The Quadrant scheme will eventually comprise 500 homes, commercial premises, a food store and a new stadium for Boston United Football Club. This will generate up to 460 full time equivalent jobs in retail, sport, leisure, and hospitality.

On top of this, during the construction phase, it is likely that up to 610 temporary construction jobs will be created over the life of the project. With the above in mind, this will inevitably result in more people migrating to the area for work and needing accommodation to reside in. Great news for the rental market and buy to let investors.

Average estimated value for a house in PE21


Greater Lincolnshire is currently going through an unprecedented era of growth. It is undoubtedly one of the investment hot spots of the UK, with more and more businesses discovering how refreshingly undemanding and profitable it is to run a business from here.

The area is unique. From the Humber to the wash, covering 2,700 miles with a population of 1.1 million, a historic city, vibrant market towns and the UK’s largest port by tonnage, it offers real, tangible space to invest and grow with easy access to markets across all sectors. These include:
• Agri-Food
• Engineering (Advanced Manufacturing specifically power engineering)
• Renewables There is a positive and dynamic feel that runs through the business community that is unmatched by other destinations. Businesses, academic institutions and the public sector working together to ensure the region flourishes! Some of the companies who have already invested in Lincolnshire include:
• Siemens
• Hilton
• Northrop Grumman (Park Air Systems Ltd) • Able UK
• Moy Park