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£6,300
ROCE21%
Yield11%
Purchase £ £6,250
Property description
Strategy: Buy to Let
Not to be missed! Low cost BTL light refurb.
*ROCE: 21%
*Gross Yield: 11%
*Total upfront cost: £30,250
*Total profit projection over 10 years = £131,967.43
Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal you can double your initial investment in 6 years with capital growth of 5% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, survey, stamp, mortgage fee).
Key property details:
- 2 Bed terrace house
- Quiet Street
- 85 sqm
- EPC C
- Council tax band A
- Town centre location
- Vacant possession
- No chain
Key Financials example BTL mortgage 2yr fixed LTV 80% interest 4.5%:
▪ Total investment: £30,250
▪ Purchase price: £85,000
▪ Legals: £2,000
▪ Stamp duty: £4,250
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £3000
▪ Value: £95,000
▪ Gross monthly rent: £900
▪ Gross annual rent: £10,800
▪ Deductions: Mortgage £255, Letting agent £90, Insurance £30
▪ Monthly profit after deductions: £525
▪ Annual profit: £6,300
▪ Gross yield: 11%
▪ ROCE: 21%
▪ Net rent mortgage coverage: 306%
▪ Profit projection in 6 years capital growth 5% PCA = £59,744.99
▪ Profit projection in 6 years net rental growth 2% PCA = £72,222.44
▪ Total profit projection over 6 years = £131,967.43
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!
Sourced reference: 454326542824713
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£6,300
ROCE21%
Yield11%
Purchase £ £6,250
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
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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