BTL in Retford, Nottingham

High Capital Appreciation - BTL in Retford, Nottingham
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*Money in: £65,728 with mortgage
*Money in: £52,500 with bridging
*Monthly profit £491
*Total profit projection over 10 years = £209,174.70

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 5.5% 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).

Properties in this area offer solid capital growth, with average annual price growth around 5.5% to 6.5% and continues to see strong upward momentum, posting a +7.4% capital growth rate (+4.0% inflation-adjusted) over the past year. Long-term appreciation sits at a healthy 46.8% total return over 10 years.

Key property details:
- 3 Bed Semi Detached House - Nottinghamshire
- Quiet street
- Downstairs W/C
- Conservatory
- Carport
- Garage
- Large garden back
- 65 sqm
- EPC D
- Council tax band B
- Town centre location
- Vacant possession
- No chain
- Rail link to London 1hr 30min

Key Financials example -
Recent Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.14%, No fee:
▪ Total investment needed: £65,728
▪ Purchase price: £160,000
▪ Deposit: £40,000
▪ Legals: £2,000
▪ Stamp duty: £8,000
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £10,000
▪ Market value: £200,000
▪ Gross monthly rent: £1,150
▪ Gross annual rent: £13,800

▪ Deductions: Mortgage £514, Letting agent £115, Insurance £30
▪ Monthly profit after deductions: £491
▪ Annual profit: £5,892
▪ Gross yield: 7%
▪ ROCE: 9%
▪ Net rent mortgage coverage: 196%

▪ Profit projection in 10 years capital growth 5.5% PCA = £141,628.89
▪ Profit projection in 10 years net rental growth 3% PCA = £67,545.81
▪ Total profit projection over 10 years = £209,174.70

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.