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£6,600
ROCE22%
Yield13%
Purchase £ £6,950
Property description
Strategy: Buy to Let
Quick and simple! Turnkey Buy to Let
Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal you can double your initial investment in 6 years with capital growth of 5% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, survey, stamp, mortgage fee).
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 End Terrace
- 76 sqm
- EPC D
- No chain
- Council tax band A
Key Financials using 80% LTV mortgage:
▪ Total investment £29,750
▪ Guide price £75,000 (BMV 33%)
▪ Equity: £52,000
▪ Monthly gross rent £800
▪ Annual net profit: £6,600
▪ Gross yield: 13%
▪ ROCE: 22%
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: 744386322537373
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£6,600
ROCE22%
Yield13%
Purchase £ £6,950
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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