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£6,276
ROCE15%
Yield8%
Purchase £ £9,000
Property description
Strategy: Buy to Let
Turnkey BTL in Cheshire - 10Y Investment
This is an opportunity to purchase a turnkey BTL property with strong potential for value increase within 5–10-year period. The property generates 8% gross yield with over £6,000 net annual profit.
Strategy Outline
- Purchase via BTL mortgage and rent for approx. 5-10 years.
- 5 Year Accumulative Rental Profit: £31,500
- 10 Year Accumulative Rental Profit: £63,000
- After this period, the property can be refurbished for approx. £15,000 (including contingency) and refinanced or sold on the open market.
- Estimated GDV in 5 Years: £205,000
- Estimated GDV in 10 Years: £250,000
Once refinanced, this becomes a fantastic infinite ROCE, no money left in BTL deal.
Upon sale, this property will generate a net profit of approx. £80k Net Profit after 10 years, or alternatively, £40,000k profit after 5 years.
Property Description: Mid Terrace 2 bedroom in Cheshire. Good condition, turnkey property with fantastic long term returns.
Key property details:
- 2 bedroomed mid terrace house
- 70+ SQM
- Freehold
- Vacant Possession
- EPC D
- Council tax band A
- No chain
For further information, please get in touch.
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
Sourced reference: 465142624319585
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£6,276
ROCE15%
Yield8%
Purchase £ £9,000
Sales Agent
Ben Barton
Kimber Le Prevost Limited
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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