BMV BTL - Durham

Ready Let BTL in North East 11% gross yield.

We ran the figures at £39,999 as £1 more would cost £2,000 in 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 £375 pcm, which is slightly low on current market rates but that is more than compensated for by the sensible asking price. Rental is £4,500 pa immediately with future uplifts this is a very sensible investment.

As a special case for this property a £5000.00 deposit is required to remove it from the market along with a £600 admin fee. The deposit goes towards the cost of the property, the admin fee has been calculated into the figures as it does not form part of the property price.

FINANCIALS
 Purchase Price: £39,999
 Income: £375 / £4,500
 Profit: £250 / £3,000
 Investment Required : £15,800 with 75% LTV
 ROCE: 19%
 Gross Yield: 11%

 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.