Quick and simple! Turnkey Buy to Let below market value

Property is a long-term investment, not a get rich quick scheme. With steady growth and strong cash flow on offer in this deal, you can more than double your initial investment in 6 years, with capital growth of 5% PCA and rental growth of 2% PCA. These are also below market value, so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, and stamp duty).

You will also be earning from the monthly rental from day one. The turnkey buy-to-let strategy is as simple as it gets and low risk, making it suitable for entry-level investors new to property, as well as seasoned investors adding to their existing portfolio. Rental income alone won’t make you wealthy—you need to use leverage and take advantage of inevitable inflation to grow your wealth over time.

When a property is described as turnkey, it means all the hard work has been done for you. Turnkey houses are fully prepared, so you won’t need to spend time and money on upgrades or repairs.

Key property details:
- 3-bed terrace house
- 96 sqm
- EPC C
- Council tax band A
- Vacant possession

Key Financials example BTL mortgage 2yr fixed LTV 80% interest 4.5%:
▪ Total investment £30,050
▪ Purchase price: £93,000
▪ Purchase costs: £6,650
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £0
▪ Value: £105,000
▪ Equity: £30,600
▪ Gross monthly rent: £800
▪ Gross annual rent: £9,600

▪ Deductions: Mortgage £279, Letting agent £80, Insurance £30
▪ Monthly profit after deductions: £411
▪ Annual profit: £4,932
▪ Gross yield: 10%
▪ ROCE: 16%
▪ Net rent mortgage coverage 247%

▪ Profit projection over 6 years capital growth 5% PCA = £35,710.64
▪ Profit projection over 6 years net rental growth 2% PCA = £31,111.65
▪ Total profit projection over 6 years = £66,821.69
▪ ROCE: 222%

With Sourced you get the full property wealth building package in one place;
Sourced Enterprise - Full limited company SPV and accounting solution
Sourced Finance - Specialist lending not available on the high street
Sourced Living - Fully compliant lettings management service
Legal Conveyancing team available if required.
Highly skilled renovation team ready to go!

Sourced reference: 174389289982926