BRRR in Chesterfield

BRRR in Chesterfield

** Only light cosmetic renovation needed
** Net monthly rental profit approx £494.25
** Gross yield 12%
** Recent boiler and consumer unit service
** No chain
** Vacant possession

BASED ON RECOMMENDED PURCHASE PRICE OF £90,000
(Suggested price is £17,000 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: £281.25
* Market rent = £895 per month
* Net monthly rental profit = £494.25
* Net annual rental profit = £5,931
* ROCE 15%
* Gross Yield 12%
* Refurb: £5,000

▪ Profit projection in 10 years capital growth 5% PCA = £56,600.52
▪ Profit projection in 10 years net rental growth 4% PCA = £71,208.22
▪ Total profit projection over 10 years = £127,808.74

Key property details:-
- 3 bed terrace
- 62 sq m
- Council Tax band A

Why invest in Chesterfield?
* Chesterfield Station offers direct services reaching Sheffield in 15 minutes, Nottingham in 30 minutes, and London St Pancras in under two hours.
* The town sits right off Junctions 29 and 30 of the M1, providing rapid road transit north and south.
* World-class hiking, climbing, and cycling routes in the Peak District National Park are reachable in under 15 minutes.
* The historic Chesterfield Canal offers miles of tranquil walking paths, wildlife spotting, and narrowboat routes.
* The town is undergoing a multi-million-pound multi-sector regeneration.
* The newly refurbished Market Square hosts an expanded annual events diary, including the famous 1940s Market and the Chesterfield International Market.
* Strong selection of local primary and secondary schools.

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.Easy access to hospital