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£5,550
ROCE21%
Yield9%
Purchase £ £7,950
Property description
Strategy: Buy to Let
3-Bed Buy to Let - Nottingham
Are you in the market for a low cost high rental income standard Buy-to-Let opportunity?
This property is located in a thriving town with affordable housing, good transport links, and a developing town centre that includes modern shopping and traditional local businesses. major employers include Amazon, Linney (a large marketing/print firm) as a significant private employer, alongside key public sector roles within the NHS, alongside growing healthcare and business services sectors, while other significant companies include Melas Group (hosiery), Ampanova (electronics), and firms like 3D Lasertec, showing a mix of local success stories and specialised industries.
Rental demand is strong due to population growth driven by housing and economic development plans. Factors such as the general trend of people remaining in private rentals due to affordability of home ownership, contribute to this high demand. This is supported by a growing local economy and ambitious regeneration projects in the area.
The Financials:
▪ Purchase price: £95,000
▪ Refurb costs: £13,250
▪ Purchase costs: (stamp,legals,survey,) £7,950
▪ Sourcing fee: £4,000+Vat
▪ GDV: £140,000
▪ Gross rental income: £1,000 pcm
▪ ROCE: 21%
▪ Gross yield: 9%
▪ Monthly profit: £462
▪ Annual profit: £5,550
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: 424377545819193
Due diligence
No information supplied.
Location
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£5,550
ROCE21%
Yield9%
Purchase £ £7,950
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