BMV BTL BRRR Lancashire

BMV Mid Terrace 2-Bed BRRR in Lancashire

Traditional mid terrace house.

Key property details:
Freehold
82 sqm
EPC D
Council tax band A
Vacant possession
No chain

This Mid Terraced House is In need of some refurbishment, hence the requirement to ideally buy with cash, and a view to refinance or sell once the works are complete. We have allowed a very generous £15,000 for some renovations to this property in our figures. In our opinion the rent achievable would be up to £700 PCM or a sale price of circa £90,000. Please remember, we will view the property, negotiate the price and pursue the purchase through to exchange on your behalf, if you so wish. To move forward, you will need to sign our contract, provide proof of funds, and complete all necessary anti money laundering and identity checks. If you need funding, an SPV to hold your property or a managing agent to find tenants and collect rent then these can be arranged separately by Sourced head office in Warrington.

▪ Purchase Price: £50,000
▪ Stamp Duty: £2,500
▪ Sourcing Fee: £4800 inc vat
▪ Legal Fees Estimate: £1,000
▪ Survey and Valuation Estimate: £600
▪ Insurance Estimate: £50 (between exchange and completion)
▪ Building Works Estimate: £15,000 (very generous)

▪ Total: £73,950
▪ New Value Estimate: £90,000
▪ Max. potential gross rent: £8400
▪ Yield / ROCE 11.4%

Refinance Example
▪ Mortgage Interest 75%@5% - £3,750
▪ Gross Profit - £5,016
▪ Money left in after refinance - £6,450
▪ ROCE 78% after interest as shown above.

Representing potentially all money out in just over 2 years!

No allowance has been made for, management fees, maintenance, insurance or void periods and conversely no calculation for capital appreciation or future rent increases have been made either as these are variable and unique to each tenancy / property.

Yield and ROCE explained.

Yield is the income divided by the amount spent, or sometimes the income divided by the purchase price, shown as a percentage to indicate a return benchmark.

ROCE, is return on capital employed, or also known as money left in after refinance.

We are saving you the investor time, reducing risk and providing access to opportunities you may never have found alone. We find the property, arrange viewings, negotiate with the estate agents, analyse opportunities, make sure the figures work before we have them checked and approved by an in house property analyst at the Sourced head office in Warrington. We are registered at the Information Commissioners Office, are a member of the Property Redress Scheme, have public and professional liability insurance and have registered for anti money laundering supervision with HMRC. We use legal documents and are highly trained in property and finance.

Most importantly we are powered by Sourced, a phenomenal team with years of valuable experience.

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.

If you are interested in this or other opportunities we have, or would like us to find a specific opportunity for you please contact.