2 Bed BTL - Coventry

Freehold end-terraced property in an established Nuneaton residential area — a straightforward hold-and-rent opportunity with very light refurbishment required.

The property is already well-presented and benefits from 2 good-sized bedrooms, a through lounge/diner, fitted breakfast kitchen, bathroom, gas central heating, uPVC double glazing and an enclosed low-maintenance rear garden with brick-built store.

The proposed strategy is a simple cosmetic refresh only — minor presentation improvements, freshening up where needed and preparing the property for immediate rental occupation.

Investor appeal comes from the no upward chain, vacant possession, affordable entry price point and reduced purchase price, with the agent quoting a rental value of approximately £850 pcm.

Ideal for investors looking for a low-capex rental property with limited works required and strong income potential from day one.

Financials

Value: £135,000
Purchase Price: £100,000
Purchase Costs: £34600
Sourcing Fee: £3000
Refurbishment Cost: £5740
GDV: £135,000
Money Left in: £17,090
Monthly Rent: £850
Annual Rent: £10200
Monthly Profit: £313.75
Annual Profit: £3765
ROCE: 22%
Gross Yield: 8%
Net Yield: 3%

Work with us:

 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.