BTL in Scunthorpe

TURNKEY - BTL - SCUNTHORPE

** 3-bed terraced property in quiet residential area
** EPC C
** Substantial garden
** Net monthly rental profit = £395.05
** 10% Gross Yield

BASED ON RECOMMENDED PURCHASE PRICE OF £104,000 :-

Suggested price is £14,000 below GDV and therefore the equity will be more than your costs to purchase the property.

* Total investment required = £36,700
* Market rent = £850 per month
* Net monthly rental profit = £395.05
* Net annual rental profit = £4740.60
* Total profit projection over 10 years = £140,477.20

Key property details:-

- 3 bed terrace
- Conservatory
- EPC C
- 84 sq m
- Council Tax band A
- Vacant possession
- Located in a low-crime, peaceful area with good access to motorway and direct rail services

Why now is the time to buy in Scunthorpe?

-Investment in the area - multi-million pound government and council regeneration projects
-High Street enhancements: pedestrian and cyclist provisions are being improved, construction of new office spaces and development in Church Square
-Support programmes in place for businesses to set up in the area
-Some work has already been completed, such as the Humber University Technical College new education facility; specialising in renewable energy and engineering
-Nationalisation of British Steel providing job security for thousands
-Industrialised town and manufacturing hub surrounded by countryside
-Good commuter access; Doncaster, Hull and Lincoln are within easy reach

Key Financials example: -

Recent Accord Mortgages BTL mortgage (2yr fixed, LTV 75%, interest 5.23%, No fee)
▪ Monthly mortgage payment: £339.95
▪ Total investment needed: £36,700

▪ Profit projection in 10 years capital growth 5.5% PCA = £83,561.05
▪ Profit projection in 10 years net rental growth 4% PCA = £56,916.15
▪ Total profit projection over 10 years = £140,477.20

Why Invest with Sourced?

We handle everything for you; sourcing the property, doing the refurbishment, placing tenants, and collecting rent. You simply purchase the asset and receive the net income.

Comprehensive property wealth-building package in one place:-

-Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
-Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
-Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
-Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.

Do you provide any additional services?

I can personally recommend the following additional services for peace of mind:-

• A top-tier legal conveyancing team
• A professional and compliant renovation team
• Guaranteed rent options

Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1

So what are you waiting for? If you are interested in this or similar opportunities, please get in touch.