£ 65,000
Added: 21/03/2025
Profit pa£4,500
ROCE79%
Yield8%
Strategy: Buy to Let
Deal 61 - Off Market Hands-Off BRRR: Nottinghamshire
This is a 2-bedroom terraced home in Nottinghamshire.
Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.
The financials:
▪ Purchase price: £65,000
▪ GDV: £120,000
▪ Refurb costs: £18,000
▪ Annual profit: £4,500
▪ ROCE: 79%
▪ Yield: 8%
Sourced reference: 367272531964112
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.
Worksop is a market town in Nottinghamshire, England, located within the Bassetlaw district. It is situated on the River Ryton and is part of the Sherwood Forest area, known for its historical connections to the legend of Robin Hood. Worksop has a mix of historical architecture, green spaces, and modern amenities, making it an attractive location for residents and potential investors.
Transport Links: Worksop is well-connected by road and rail. The town is close to the A1 and M1 motorways, providing easy access to major cities like Sheffield, Nottingham, and Leeds. Worksop railway station offers regular services to Lincoln, Nottingham, and Sheffield.
Economy: The town has a diverse economy with a mix of retail, manufacturing, and service industries. The town centre has a range of shops, restaurants, and leisure facilities.
Worksop Town Deal: Worksop is one of the towns selected for the government's Towns Fund, which aims to regenerate town centres and high streets. The Worksop Town Deal includes plans for improving public spaces, enhancing transport links, and supporting local businesses. The goal is to create a more vibrant town centre that attracts visitors and supports economic growth.
Future High Streets Fund: This fund is aimed at transforming high streets and town centres across the UK. While not specific to Worksop, nearby towns in Nottinghamshire may benefit from this fund, which could have a positive ripple effect on the region.
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