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£5,389
ROCE13%
Yield8%
Purchase £ £7,000
Property description
Strategy: Buy to Let
BTL - NOTTINGHAM
** New kitchen
** New main bathroom and TWO ADDITIONAL BATHROOMS
** New windows
** Large garden for a terraced property
** No chain
** Vacant possession
** Expected net monthly rental profit = £449.09
** Total profit projection over 10 years = £163,842.63
Key property details:-
- 3 bed end terrace
- 3 bathrooms
- 81 sq m
- EPC D
- Council Tax band A
- Has been newly renovated but some finishing touches to be made
Why invest in Kirkby-in-Ashfield?
- Good commuter links: close to junctions 27 and 28 of the M1
- Direct trains to Nottingham and Mansfield
- Close proximity to countryside and award-winning parks
- The town is also a short drive from the East Midlands Designer Outlet
- Home to several well-rated schools
- King's Mill Hospital, located just minutes away
- Robust employment opportunities heavily focused on manufacturing, logistics, healthcare, and retail
Key Financials example: -
BASED ON RECOMMENDED PURCHASE PRICE OF £115,000 :-
Suggested price is £25,000 below potential GDV and therefore the equity will be more than your costs to purchase the property.
Recent Accord Mortgages BTL mortgage (2yr fixed, LTV 75%, interest 5.23%, No fee)
* Monthly mortgage payment: £375.91
* Market rent = £950 per month
* Net monthly rental profit = £449.09
* Net annual rental profit = £5,389.13
* Profit projection in 10 years capital growth 5.5% PCA = £99,140.22
* Profit projection in 10 years net rental growth 4% PCA = £64,702.41
* Total profit projection over 10 years = £163,842.63
Why Invest with Sourced?
We handle everything for you; sourcing the property, doing the refurbishment, placing tenants, and collecting rent. You simply purchase the asset and receive the net income.
Comprehensive property wealth-building package in one place:-
-Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
-Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
-Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
-Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.
Do you provide any additional services?
I can personally recommend the following additional services for peace of mind:-
• A top-tier legal conveyancing team
• A professional and compliant renovation team
• Guaranteed rent options
Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1
So what are you waiting for? If you are interested in this or similar opportunities, please get in touch.
Sourced reference: 858672248988472
Due diligence
No information supplied.
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£5,389
ROCE13%
Yield8%
Purchase £ £7,000
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