Turnkey BTL in Grantham

TURNKEY - BTL - GRANTHAM

** Detached brick outbuilding with power, lighting and wc
** Walking distance to train station with direct trains to London and Nottingham
** Half hour drive to Lincoln and Nottingham
** Vacant possession
** New boiler
** Turnkey – ready to rent
** No chain

BASED ON RECOMMENDED PURCHASE PRICE OF £105,000
(Suggested price is £20,000 below market value 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: £328.13
* Market rent = £850 per month
* Net monthly rental profit = £406.88
* Net annual rental profit = £4,882.50
* Gross Yield 10%

▪ Profit projection in 10 years capital growth 5% PCA = £78,611.83
▪ Profit projection in 10 years net rental growth 4% PCA = £58,619.82
▪ Total profit projection over 10 years = £137,231.65

Key property details:-
- 2 bed terrace
- 54 sq m
- Council Tax band A
- EPC D

Why now is the time to buy in Grantham?

- Fantastic commuter town: direct trains to London (approx 1 hour) and Nottingham
- Adjacent to the A1
- Nottingham, Lincoln and Peterborough all within easy driving distance
- Competitive rental yields: strong demand from commuters and local workers
- Two well-renowned grammar schools
- Ongoing regeneration projects

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.