BRRR in Northumberland
About this property
BMV BRRR BTL in Northumberland, 12% yield.
No Stamp Duty!
This property required cosmetic refurbishment we have allowed £15,000 in the figures to cover this.
Strong Demand — 2‑bed terraces in the area consistently show active rental demand from local working people.
The financials:
▪ Purchase price: £39,999
▪ Annual profit: £5,062
▪ Yield: 12%
▪ ROCE: 39%
▪ Investment Required: £31,699
▪ Monthly Rent: £625
▪ Annual Rent: £7,500
▪ Monthly Profit: £421
▪ Annual Profit:£5062
▪ Money left after refinance: £12,949
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.