Cash Sale BTL in Derby 30% Reduction

Sourced are delighted to present this beautifully renovated two-bedroom, first-floor apartment, producing a 14% Yield and sold with a tenant in place providing a fantastic £9,900 per annum in rental income. It's located in a quiet cul-de-sac in the popular area of Alvaston in Derby and requires no refurbishment.

It's offered with no upward chain— and is an ideal oportunity for a switch on investor, who want a cash flowing assets from day 1 that's 30% below it's original list price and will benefit from the strong capital growth in Derby.

This investment represents a fantastic oportunity to benefit from the monthly private rental growth in Derby which has increased by 10.2% since September 2023 and has been predicted to continue by a further 12% by 2026.

The Financial (Excluding Maintenance and Management Fees) Cash Purchase with No Lease Extension- No Re-mortgage
▪ Purchase price: £70,000
▪ Annual profit: £9,900
▪ ROCE: 59%
▪ Gross yield: 14%
▪ Refurbishment: £0

▪ Market Value Estimate (Without Lease Extension) £70,000
▪ Sourcing fee: £4000
▪ Annual Rent: £9900
▪ Total Capital Employed: £86,730

The Financial (Excluding Maintenance and Management Fees) Cash Purchase, Lease Extension & Re-mortgage
▪ Purchase price: £70,000
▪ Estimated lease extension £20,000
▪ Annual profit: £5,775
▪ ROCE: 24%
▪ Gross yield: 9%
▪ Refurbishment: £0

Market Value Estimate (With Lease Extension) £110,000
▪ Sourcing fee: £4,000
▪ Annual Rent: £9,900
▪ Total Capital Employed: £24,230

Deal 1

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.