3 Bed Terraced House, St. Andrews Street, LN5

3 Bed, Large Period Terrace with Garden and Permit Parking. Perfect as Private Family Accomodation, R2SA, R2SA to Buy option or HMO (with Article 4 planning permission, with downstairs lounge used as 4th bedroom - kitchen/diner is large enough to be potentially used as communal room).
Lee Lettings & Developments – Quality Private Landlord Lettings & Mentor Services. 24 years of property and business mentoring experience with extensive, self-grown, self-managed property portfolio.  Mentors to a dozen other successful property companies.

 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, starting at £400pcm) or via a reputable & approved alternative mentor or program (not all mentors are acceptable to us as several programs are simply offered as money generation operations for the providers and not for the benefit of the mentees)

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