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£5,565
ROCE23%
Yield9%
Purchase £ £8,500
Property description
Strategy: Buy to Let
BRRR 3-Bed - North Nottingham
Are you a first time investor in the market for a simple buy-to-let opportunity?
This property would make an ideal first investment or a solid addition to your portfolio. the 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. and the town boasts quality heritage assets.
Major employers in the area include large-scale manufacturing, logistics, and retail firms, notably Carlton Forest Group, Premier Foods (often associated with Manton Wood), and various distribution centres along the A1 corridor. The town has a strong industrial base, with Getzner Werkstoffe and various engineering firms (DTH Engineering, Canning Conveyor) providing significant manufacturing jobs.
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.
Key Property Details:
- 3-Bed Mid Terrace
- EPC D
- Versatile third-floor room
- Useful cellar with lighting and power
- Rear garden
- On-street parking available
- No chain
- Council tax band A
Key Financials using bridging loan:
▪ Total investment £49,712
▪ Money Left in after refinance: £24,175
▪ Monthly profit £463
▪ Annual profit £5,565
▪ GDV £130,000
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.
Sourced reference: 667457933671529
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£5,565
ROCE23%
Yield9%
Purchase £ £8,500
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