BTL in Worksop

BTL - WORKSOP - NOTTINGHAM

** 4 Bedrooms
** New kitchen
** New main bathroom
** No chain
** Vacant possession
** Expected net monthly rental profit = £485
** Total profit projection over 10 years = £126,527.10

Key property details:-

- 4 bed end terrace
- 100 sqm
- Council Tax band A
- Has been newly renovated but some finishing touches to be made

Why invest in Worksop?

- Good commuter links: close to junctions 30 of the M1 to the west and A1 to the east
- Direct trains to Nottingham, Sheffield and Lincoln
- Nearby Retford train station has a direct line to Kings Cross London
- Close proximity to countryside and Sherwood Forest
- The town is also a short drive from the East Midlands Designer Outlet
- Home to several well-rated schools
- Bassetlaw Hospital located just minutes away from the town centre
- Robust employment opportunities heavily focused on manufacturing, logistics, healthcare, and retail

Key Financials example: -
BASED ON RECOMMENDED PURCHASE PRICE OF £80,000 :-
Suggested price is £15,000 below potential GDV and therefore the equity will be more than your costs to purchase the property.

BTL mortgage (2yr fixed, LTV 75%, interest 5%, No fee)
* Monthly mortgage payment: £250
* Market rent = £850 per month
* Net monthly rental profit = £485
* Net annual rental profit = £5,820

▪ Profit projection in 10 years capital growth 5.5% PCA = £56,651.56
▪ Profit projection in 10 years net rental growth 4% PCA = £69,875.56
▪ Total profit projection over 10 years = £126,527.10

Why Invest with Sourced?

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.

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?

I can personally recommend the following additional services for peace of mind:-

• A top-tier legal conveyancing team
• A professional and compliant renovation team
• Guaranteed rent options

Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1

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