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£4,837
ROCE20%
Yield14%
Purchase £ £15,835
Property description
Strategy: Buy to Let
Low Entry Price, 14% Yield BTL in Lincolnshire
Asking price: £49,950 — this is the lowest priced 3‑bed terrace in the area, with comparable properties listed between £60,000 and £80,000.
Comparable rents: £550–£600 pcm for similar 3‑bed terraces in the same area.
This freehold property is sold with vacant possession and does require a light scheme of refurbishment before it is tenant ready again. We have allowed £5,500 for redecoration and floor coverings in the financials below.
Demand is strong in the area as 3‑bed terraces prove consistent demand, with current asking rents being around £550–£600 pcm.
FINANCIALS
▪ Purchase price: £49,950
▪ Annual profit: £4,837
▪ Refurb costs: £5,500 with contingency
▪ ROCE: 20%
▪ Yield: 14%
▪ Purchase Costs: £18,835
▪ Investment Required: £24,335
▪ Monthly Rent: £575
▪ Annual Rent: £6,900
▪ Monthly Profit: £418
▪ Net Yield:10 %
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.
Sourced reference: 985873957664112
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£4,837
ROCE20%
Yield14%
Purchase £ £15,835
Sales Agent
Ben Barton
Kimber Le Prevost 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