BTL Opportunity 2-Bed Terraced House in Somercotes, Derbyshire

Within Somercotes, there is a late-opening Co-op, a general store, a medical centre, a chemist, fast food outlets, a public house, a play park, bus routes, and a primary school. The M1/A38 can be accessed via Junction 28, offering transport links to the nearby commercial centres of Nottingham, Derby, Mansfield, and Chesterfield. Just off the A38 lies the East Midlands Designer Outlet, which offers a range of retail opportunities, restaurants, and coffee shops.

The financials:
▪ Purchase price: £100,000
▪ Refurb costs: £10,000
▪ Annual profit: £2,250
▪ ROCE: 20%
▪ Gross yield: 6%
▪ Net yield: 2%
▪ Monthly NET: £187.50

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.