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£3,195
ROCE14%
Yield9%
Purchase £ £8,750
Property description
Strategy: Buy to Let
Turnkey BTL requiring no work, with long term tenants, producing cashflow from day 1. With local experienced management in place. Great handsfree option.
This is a fantastic oportunity to add a 19% BMV cash flowing property to you portfolio, or a first time investment. This is has a low entry price of £55,000 with built in equity of around £13,000 based on the expected on market value of £66,000.
Key Investment Highlights:
Tenanted investment property
2-bedroom mid-terrace house
Freehold tenure
Current rent: £500 PCM
Approximate gross yield: 11%
Estimated market value: £68,000
Approximate discount to market value: £13,000
Tenant in situ
Professionally managed
Potential future rental uplift
Selective licence currently held
Gas central heating
EPC Rating: C-70 (Potential C-79)
Key Financial Details:
Purchase Price £55,000
Estimated MV £68,000
Estimated BMV 19% or £13,000
Refurbishment Costs £0
Current Monthly Rent £500
Annual Rent £6000
Gross Yield 11%
Gross Annual Profit £3195
Gross Monthly Profit £266.25
Current Rental Income
Gross rent: £500 PCM
Current Management fee (12% + VAT): £72 PCM
Net rent after management: £428 PCM
Estimated Future Rental Potential
Estimated achievable rent: £525 PCM
Estimated management fee (12% + VAT): £75.60 PCM
Estimated net rent after management: £449.40 PCM
Next anticipated rent review date: April 2027.
For more information on this deal please get in-touch.
Sourced offer a comprehensive property wealth building package in one place;
1: Sourced Investment Agents - Sourcing investment opportunities for you,
2: Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
3: Sourced Finance - Access specialist property lending and mortgages, created for investors.
4: Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
Sourced reference: 994142154536849
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£3,195
ROCE14%
Yield9%
Purchase £ £8,750
Sales Agent
Matthew Matthews
Lean Property Ltd / Triple M Real Estate / Sourced Living Burton & South Derbyshire
Smart support to move your deal forward
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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