Buy to Let in Scunthorpe, First-Time Investor Friendly

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.
The agent believes this property is being sold at a discounted price, below the open market value.
This deal is suitable for first time investors.
This property is in close proximity to major local amenities such as schools, transport links, and vibrant shopping hubs, thereby ensuring daily essentials are easily accessible.
This area has been shown to have a high capital growth.
This deal can generate high cashflow.
This property offers a high yield in rental income, therefor being a great cashflow generating asset.

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Approximately £45,000 equity from the outset
EPC C
Large garden with summer house
Garage
Close to train station and hospital
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The benefits of owning a standard BTL
- True Passive Income: A single-family BTL requires very little day-to-day oversight. You do not have to worry about constant tenant turnover, managing interpersonal roommate disputes, and dealing with higher wear-and-tear.
- Simpler Exit Strategy: A standard BTL can easily be sold to either another investor or a regular home buyer. Without structural changes like fire doors, washbasins in rooms, or lost living rooms that restrict your resale market almost entirely to other specialist investors, stunting long-term capital growth.
- Fewer Regulatory Hurdles: No mandatory licences, No strict room-size thresholds, No Article 4 directives, Selective licensing in very few areas.
- Low risk investment: Build equity over time with an appreciating asset which also pays you monthly profit.

Financial Information
Current value: £105,000
Purchase price: £80,000
Purchase costs: £5,500
Refurb/works cost: £10,000
Sourcing fee: £4,000
GDV: £115,000
Monthly profit (£): £395
Annual profit: £4,740
Monthly rent: £750
Annual rent: £9,000
ROCE (%): 16%
Yield: 11%
Money left after refinance: £29,750
Investment required: £29,750