What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£4,190
ROCE13%
Yield10%
Purchase £ £7,000
Property description
Strategy: Buy to Let
Quick and simple! - Buy to let - Turnkey
*Money in: £33,000
*Monthly profit £349.13
*ROCE 13%
*Gross yield: 10%
*Total profit projection over 10 years = £104,628.44
Rental demand in Chesterfield is very strong and resilient, driven by a booming local workforce, major regeneration projects, and fantastic rail and road connections. Local estate experts like Hunters Chesterfield report that a shortage of available properties is keeping tenant competition high. Gross rental yields generally range from 5.5% to 8%, easily outperforming many larger UK cities.
Key property details:
- 2 bed terrace house
- Large garden
- 66 sqm
- EPC C
- Council tax band A
- Vacant possession
- No chain
Key Financials example -
Recent Leeds BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee:
▪ Total investment needed: £33,000
▪ Purchase price: £90,000
▪ Deposit: £22,500
▪ Legals: £2,000
▪ Stamp duty: £4,500
▪ Gross monthly rent: £750
▪ Gross annual rent: £9,000
▪ Deductions: Mortgage £295.88, Letting agent £75, Insurance £30
▪ Monthly profit after deductions: £349.13
▪ Annual profit: £4,189.50
▪ Gross yield: 10%
▪ ROCE: 13%
▪ Net rent mortgage coverage: 218%
▪ Profit projection in 10 years capital growth 5% PCA = £56,600.52
▪ Profit projection in 10 years net rental growth 3% PCA = £48,027.92
▪ Total profit projection over 10 years = £104,628.44
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.
Professional and compliant renovation team ready to go!
Contact me for more details.
Sourced reference: 293525797383552
Due diligence
No information supplied.
Disclaimer
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.
Key financials
Profit pa£4,190
ROCE13%
Yield10%
Purchase £ £7,000
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
Review the numbers
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network