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£4,860
ROCE22%
Yield9%
Purchase £ £11,300
Property description
Strategy: Buy to Let
Not to be missed! a new BRRR property for your review.
The profits are calculated to show taxable income. All fees are included in the financials. The value is subject to changes in the market and is a guide based on sold comparables within the last 12 months.
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 TRIPLE your investment in 6 years with capital growth of 5% PCA and rental growth 2% PCA.
Key property details:
- 4 Bed terrace house
- 113 sqm
- EPC D
- Council tax band A
- Vacant possession
Key financials example bridging loan purchase and refinance:
▪ Total investment £53,575
▪ Purchase price: £90,000
▪ Legals: £2,000
▪ Stamp duty: £4,500
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £10,000
▪ GDV: £125,000+
▪ Gross monthly rent: £900
▪ Gross annual rent: £10,800
▪ Refinance BTL mortgage 2yr fixed LTV 80% interest 4.5%:
▪ Mortgage: £100,000
▪ Money left in: £21,750
▪ Deductions: Mortgage £375, Letting agent £90, Insurance £30
▪ Monthly profit after deductions: £405
▪ Annual profit: £4,860
▪ Gross yield: 9%
▪ ROCE: 22%
Net rent mortgage coverage 208%
▪ Profit projection in 6 years capital growth 5% PCA = £42,511.96
▪ Profit projection in 6 years net rental growth 2% PCA = £30,657.47
▪ Total profit projection over 6 years = £73,169.43
▪ ROCE: 336%
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: 627352374168412
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£4,860
ROCE22%
Yield9%
Purchase £ £11,300
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