Triple Profit BRRR in North Lincolnshire

Are you in the market for TRIPLE the rental income on what would be a standard buy-to-let opportunity?

This property is located in an area in Lincolnshire where a unique strategy has emerged and proven its effectiveness. The chosen property is an incredibly well suited for this strategy in layout and in nature.

Here is how it works:
- The property is split into 2 floors, creating two self contained flats with minimal works thanks to cleverly managing layouts and access. The result? The is ends up generating TRIPLE the rental profit on what would be a standard Buy-to-Let opportunity, for hardly any extra costs in refurbishment.
-Robustness: The strategy has been implemented in other properties nearby, where demand continues to show its rise.
-Effectiveness: Instaed of only £245 net profit per month, this strategy increases the earnings of this property to £735 per month, providing 3x increase.

The property currently is requiring cosmetic refurbishment throughout, with no major works required.

This property is located in a thriving town with affordable housing, good transport links, and a developing town centre that includes modern shopping and traditional local businesses. The riverside provides a pleasant area for walks, and the town boasts quality heritage assets and has a high-achieving high school.

Rental demand is strong due to population growth driven by housing and economic development plans. Factors such as the general trend of people remaining in private rentals due to affordability of home ownership, contribute to this high demand. This is supported by a growing local economy and ambitious regeneration projects in the town.

The Financials:
▪ Purchase price: £90,000
▪ Refurb costs: £24,250
▪ Purchase costs: (stamp, legals, survey,) £7,700
▪ Sourcing fee: £4,000+Vat
▪ GDV: £138,000
▪ Gross rental income: £1,295 pcm
▪ ROCE: 27%
▪ Gross Yield: 11%
▪ Annual profit: £8,811


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!
Please contact me for more details. Email: michael.parry@sourced.co

Sourced reference: 627352374168412