2-Bed BTL in Sheffield
About this property
TURNKEY - 2 BED - SHEFFIELD
GUARANTEED RENT OPTION AVAILABLE FOR PEACE OF MIND AND 'HANDS OFF' INVESTMENT (See Below)
* Target purchase price £110,000
* Large garden
* Turnkey – ready to rent
* No chain
* Vacant possession
* Driveway
* Quiet residential area
* Market rent = £950 pcm
* ROCE = 15%
* Gross Yield 10%
* Profit projection in 10 years capital growth 5% PCA = £81,756.30
* Profit projection in 10 years net rental growth 4% PCA = £69,335.27
* Total profit projection over 10 years = £151,091.57
Why buy in Sheffield?
- Great balance of affordability, strong rental yields and long-term capital appreciation.
- One of the UK's most accessible major cities for investment.
- Over the past five years average house prices in the city have risen by 23%
- Further growth is expected by 2030 due to billions of pounds worth of investment in the city
- Two universities with a high percentage of graduates choosing to settle.
- Sheffield's Heart of the City 2 Scheme created 7000 new jobs and significantly boosted rental demand following its completion in 2023.
- Regeneration also drives capital growth so now is the time to invest before prices climb higher.
- Opportunity for genuine long-term value.
- Four airports within an hour's drive.
- Transport links are strengthening between Sheffield and other major cities, making it an ideal base
- Europe's 'greenest' city
GUARANTEED RENT: No stress hands free investment!
** A guaranteed rental income paid to you on time, every month.
** You still get paid even if the sub-tenant pays late or doesn’t pay at all.
** No set up fees, monthly commissions, or hidden extras.
** No direct contact with the sub-tenant. Everything is dealt with. No queries or complaints for you to deal with.
** A guaranteed contract start date – no void periods to worry about.
** If ever needed, court costs and the eviction process covered whilst still being paid.
** Property inspections and maintenance management taken care of.
** Internal condition guaranteed (subject to fair wear and tear) up to one and half months’ rent.
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.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.