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On Market Buy-To-Let

Multi-Exit Nottingham

NG17 3HB, Ashfield
£70,000
82 sqm
1 Unit
Purchase price £70,000
Monthly income £525
ROCE 26%
Gross yield 6%

About this property

This below market value property in Sutton-in-Ashfield requires only a light cosmetic refurbishment, making it an excellent opportunity for both buy-to-let investors and those looking to add value. With a purchase price of £70,000, an estimated GDV of £110,000, and refurbishment costs of around £5,000, it offers strong BRRR potential with minimal capital left in the deal after refinancing. Alternatively, the property presents an attractive flip opportunity, with an estimated profit of around £19,600 following the works and resale.

Key Investment Figures
- Purchase Price: £70,000
- GDV: £110,000
- Purchase Costs: £30,000
- Light Refurbishment: Approx. £5,000 (cosmetic only)
- Investment Required: £41,380

- Money Left in the Deal After Refinance: Just £7,880
- Current Rent: £525 PCM (£6,300 per annum)
- Potential Rent: £750 PCM (£9,000 per annum)
- Current Annual Profit: £2,175
- Potential Annual Profit: £4,875
- Current Gross Yield: 6%
- ROCE: 62%

Flip Exit Potential: Approx. £19,600 Profit (following cosmetic works and sale with vacant possession)

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Deposit required £0
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Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.

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