BTL in Gainsborough

Low cost - High return - Buy to let

*Money in: £33,523 with mortgage
*Monthly profit £398.44
*Total profit projection over 10 years = £124,677.92

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cash-flow is on offer with this deal with capital growth of 5.5% PCA. You will also be earning from the monthly rental from day one. Suitable for entry level investors new to property or seasoned investors adding to their existing portfolio. Rental income alone won't make you wealthy you need to use leverage and take advantage of inevitable inflation to grow your wealth over time.

Key property details:
- 3 Bed terraced House - Nth Lincoln
- Close to town centre
- 97 sqm
- EPC D (potential B)
- Council tax band A
- Vacant possession
- No chain

Key Financials example -
Recent Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee:
▪ Total investment needed: £33,523
▪ Purchase price: £75,000
▪ Deposit: £18,750
▪ Refurb: £4,500 (New Bathroom)
▪ Legals: £1,500
▪ Stamp duty: £3,750
▪ Gross monthly rent: £750
▪ Gross annual rent: £9,000

▪ Deductions: Mortgage £246.56, Letting agent £75, Insurance £30
▪ Monthly profit after deductions: £398.44
▪ Annual profit: £4781.25
▪ Gross yield: 9%
▪ ROCE: 14%
▪ Net rent mortgage coverage: 262%

▪ Profit projection in 10 years capital growth 5% PCA = £67,273.72
▪ Profit projection in 10 years net rental growth 4% PCA = £57,404.20
▪ Total profit projection over 10 years = £124,677.92

Why Invest with Sourced?
Sourced offers a comprehensive property wealth-building package in one place:
• Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
• Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
• Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
• Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.

Do you provide any additional services?
Yes, I can personally provide the following additional services for peace of mind
• A top-tier legal conveyancing team
• A professional and compliant renovation contractor
• Guaranteed rent options
• Hands off - We handle everything for you. Sourcing the property, doing the refurbishment, placing tenants, and collecting rent. You simply purchase the asset and receive the net income.

So what are you waiting for? If you are interested in this or similar opportunities, please get in touch.