BTL in N. Lincolnshire

TURNKEY - BTL - NORTH LINCOLNSHIRE

** EPC C
** Fully renovated
** Two bathrooms. En-suite to Master Bedroom
** New kitchen
** New bathrooms
** Turnkey - ready to rent
** Vacant possession
** No chain

BASED ON RECOMMENDED PURCHASE PRICE OF £85,000

(Suggested price is £15,000 below market value and therefore the equity will be more than your costs to purchase the property).

* Market rent = £800 per month
* Total profit projection over 10 years = £124,030.56

Key property details:-
- 3 bed 2 bath terrace
- 74 sq m
- Council Tax band A
- EPC C
- Vacant possession

Why buy in Gainsborough?

- Gainsborough has major economic growth ambitions and is undergoing a transformation with its population set to grow from 22,000 to 30,000.
- The 20-year regeneration plan is already underway, making now the ideal time to invest in the town with its current comparatively low entry point
- Regeneration includes rejuvenation to the town centre, heritage assets and an enhanced network of green spaces.
- Improved transport network with direct rails links and excellent road connections. For example, Lincoln is a 30 minute drive and Doncaster, Sheffield and Hull are within easy reach
- Close proximity to the Humber Freeport and two international airports
- Proximity to the multi-billion-pound STEP fusion energy project at West Burton creating long-term highly-skilled jobs
- Massive increase in housing and commercial demand
- Already home to global brands such as Ping and Eminox

Key Financials example: -

Recent Accord Mortgages BTL mortgage (2yr fixed, LTV 75%, interest 5.23%, No fee)
▪ Monthly mortgage payment: £253.63
▪ Total investment needed: £31,265.63

▪ Purchase price: £85,000
▪ Market value: £100,000

▪ Gross monthly rent: £800
▪ Net monthly rental profit: £424.38
▪ Net annual rental profit: £5,092.50

▪ Profit projection in 10 years capital growth 5.5% PCA = £62,889.46
▪ Profit projection in 10 years net rental growth 4% PCA = £61,141.10
▪ Total profit projection over 10 years = £124,030.56

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.