Turnkey BTL in Pontefract

Turnkey BTL in Pontefract - Ready to Rent

** EPC C
** Net monthly rental profit = £460
** No chain
** Vacant possession
** New windows and boiler

BASED ON RECOMMENDED PURCHASE PRICE OF £88,000
(Suggested price is £10,000 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: £275
* Market rent = £850 per month
* Net monthly rental profit = £460
* Net annual rental profit = £5,520
* ROCE 17%
* Gross Yield 12%

▪ Profit projection in 10 years capital growth 5% PCA = £63,033.94
▪ Profit projection in 10 years net rental growth 4% PCA = £65,373.25
▪ Total profit projection over 10 years = £128,407.19

Key property details:-
- 2 bed terrace
- 61 sq m
- Council Tax band A

Why invest in Pontefract?

- Great transport links and green surroundings
- More affordable than Wakefield, with prices rising steadily. Demand is outpacing supply in many areas.
- Appeals to remote workers and those who wish to access the big cities but live nearer to the Yorkshire countryside.
- Strong links to Leeds, Wakefield, Sheffield and Doncaster
- Railway station has services to Leeds (30 minutes) Wakefield (20 minutes) and Doncaster (20 minutes).
- Close to A1(M) and M62

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.