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£5,472
ROCE18%
Yield11%
Purchase £ £6,650
Property description
Strategy: Buy to Let
Quick and simple! Turnkey Buy to Let below market value
Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cash flow is on offer with this deal you can more than double your initial investment in 6 years with capital growth of 5% PCA and rental growth 2% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, stamp duty).
You will also be earning from the monthly rental from day one. The turnkey buy to let strategy is as simple as it gets and low risk. Suitable for entry level investors new to property or seasoned investors adding to their existing portfolio. Rental income alone won't make you wealthy you need to use leverage and take advantage of inevitable inflation to grow your wealth over time.
When a property is described as turnkey, it means all the hard work has been done for you. Turnkey houses are fully prepared, meaning you won't need to spend time and money on upgrades or repairs.
Key property details:
3 Bed Semi
78 sqm
EPC D
Council tax band A
Vacant possession
Key Financials example BTL mortgage 2yr fixed LTV 80% interest 4.5%:
Total investment £30,050
Purchase price: £93,000
Purchase costs £5,472
Sourcing fee £4,000+vat
Refurb costs £0
Value: £106,000
Equity: £31,600
Gross Monthly rent: £850
Gross annual rent: £10,200
Deductions: Mortgage £279, Letting agent £85, Insurance £30
Monthly profit after deductions: £456
Annual profit: £5,472
Gross Yield: 11%
ROCE: 18%
Net rent mortgage coverage 263%
Profit projection in 6 years capital growth 5% PCA = £36,050.14
Profit projection in 6 years net rental growth 2% PCA = £34,518.04
Total profit projection over 6 years = £70,568.18
ROCE 234%
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!
Contact: michael.parry@sourced.co
Sourced reference: 587297176414281
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£5,472
ROCE18%
Yield11%
Purchase £ £6,650
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