Tenant in Situ Turnkey BTL

Not to be missed! A strong turnkey BTL opportunity for your review.

This investment is offered with tenant in situ paying £850 PCM, providing immediate income from day one. The property benefits from a healthy lease term of 102 years remaining, allocated parking, and a strong rental return for the purchase price.

The figures below are based on the tenant currently paying £850 PCM and include the key purchase costs to reflect a realistic investment position. This is a yield-focused, long-term investment offering strong monthly cash flow rather than a short-term flip.

This deal offers strong fundamentals, immediate income, and a low-maintenance setup, making it ideal for investors seeking a stable, income-producing asset.

Key Property Details:
• 2 Bed flat – Gateshead, NE8
• Approx. 54.9m² / 591 sq ft
• Leasehold
• 102 years remaining on lease
• Tenant in situ
• Current rent: £850 PCM
• Immediate income from day one
• Allocated parking
• Modern shower room
• Established residential development
• Council tax band A
• Annual service charge: £1,560
• Annual ground rent: £100
• Turnkey investment

Key Financials:
Example BTL mortgage: 75% LTV, 5% interest, 2-year fixed
• Target purchase price: £90,000
• Mortgage at 75% LTV: £67,500
• Deposit: £22,500
• Stamp duty: £4,500
• Sourcing fee: £4,000
• Buyer’s solicitor: £1,500
• Insurance: £150
• Total purchase costs: £10,150
• Total investment required: £32,650
• Gross monthly rent: £850
• Gross annual rent: £10,200
• Monthly net income: £662.50
• Annual net income: £7,950
• Gross yield: 10%
• Net yield: 6%
• ROCE: 26%

Mortgage Assumptions
• Loan: £67,500
• LTV: 75%
• Rate: 5% interest-only
• Annual interest: £3,375
• Monthly mortgage: approx. £281.25

5–10 Year Profit Projections
▪ Profit projection in 5 years with capital growth at 5% PCA: £24,865
▪ Profit projection in 5 years with net rental growth at 2% PCA: £41,398
▪ Total projected profit over 5 years: £66,263

▪ Profit projection in 10 years with capital growth at 5% PCA: £56,602
▪ Profit projection in 10 years with net rental growth at 2% PCA: £87,090
▪ Total projected profit over 10 years: £143,692

Complete Investment Support Package
With Sourced, you have access to a complete property investment support package in one place.

This includes:
• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Management support – hands-off lettings and property management service available

For further details or to invest, please contact us.

Sourced reference: 834548662619487