"BTL in Lancashire"

This is an end terraced property split in to a pair of studio apartments, these are on 2 titles, fully refurbished and rented out at £350 per studio per month, £700 per month total. If bought as 2 x £37,500 then this is under the stamp duty threshold of £40,000 = no stamp duty to pay.

The financials:
▪ Purchase price: £75,000 (2 x £37,500)
▪ Annual profit: £5,200
▪ ROCE: 35%
▪ Gross yield: 11%

▪ Sourcing fee: £3,000
▪ Monthly rent: £700
▪ Annual rent: £8,400
▪ Net Yield: 7%

Returns based on a 80% BTL mortgage at 5% interest.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.