Coming from a background in energy efficiency, John was keen to build long-term wealth through property and chose to partner with Sourced to help him get started. By working with a buying agent and leveraging the Sourced network, John has secured a strong first deal that will deliver reliable, recurring income from day one.
The property was found through a professional deal sourcer and agreed at £90,000. It’s a turnkey buy-to-let, meaning no major refurbishment was required before letting. Using the support from his BDM to calculate the numbers, once tenanted the property is expected to achieve £700 per month in rent with an impressive yield of around 12%. For a first-time buyer, this is a brilliant example of starting with a solid, income-focused deal that stacks up on the numbers.
Buy-to-let remains one of the most dependable “bread and butter” strategies in property. It provides consistent monthly cashflow while also building equity over time, giving investors a strong foundation to move on to larger projects in the future. For John, this first purchase creates momentum, confidence, and options. And, should he decide to take a more hands-off approach, the Sourced network is home to a nationwide community of Sourced Living Partners offering tailored, professional property letting and management services, another key advantage of being part of the Sourced ecosystem.
John’s success shows how starting with the right strategy and the right support can set you up for long-term growth in property.
At Sourced, we provide a clear blueprint for success, connecting our Property Partners with trusted experts, proven strategies and an unrivalled network. If you’re ready to take your first step or build on what you’ve already started, enquire today and discover what your property journey with Sourced could look like.
Author
Chris Kirkwood
