BMV BTL in N. Yorkshire

Ready Let BTL in North Yorkshire 15% yield.

No Stamp Duty!
This is a fantastic price for this area, 2‑bed terraces usually appear listed at £55,000-£60,000. The property is currently let at £500 pcm, which is slightly low on current market rates but that is more than compensated for by the sensible asking price. Rental is £6,000 pa immediately with future upgrades in between this and the next tenant the property could command £600 per month or £7200 p/a.

FINANCIALS
 Purchase Price: £39,999
 Income: £500.pcm / £6000p/a
 Profit: £375.pcm / £4,500p/a
 Investment Required : £15,200 with 75% LTV
 ROCE: 29.6%
 Gross Yield: 15%

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.