BRRR in Pontefract

Buy, Refurbish, Rent, Refinance - Pontefract

** EPC C
** Good sized, low maintenance garden
** Refurb works - £10,000
** Vacant possession
** Total profit projection over 10 years = £127,333.74

Key property details:-

- 3 bed terrace
- 81 sq m
- EPC C
- Council Tax band A

Why invest in Pontefract?

-Great transport links and green surroundings
- More affordable than Wakefield, with prices rising steadily. Demand is outpacing supply in many areas.
- Appeals to remote workers and those who wish to access the big cities but live nearer to the Yorkshire countryside.
- Strong links to Leeds, Wakefield and Doncaster
- Railway station has services to Leeds (30 minutes) Wakefield (20 minutes) and Doncaster (20 minutes).
- Close to A1(M) and M62

Key Financials example: -
BASED ON RECOMMENDED PURCHASE PRICE OF £90,000, REFURB £10,000, GDV £120,000 :-

BTL mortgage (2yr fixed, LTV 75%, interest 5%, No fee)
* Monthly mortgage payment: £375
* Market rent = £850 per month
* Net monthly rental profit = £360
* Net annual rental profit = £4,320
* ROCE 14%
* Gross Yield 9%

▪ Profit projection in 10 years capital growth 5% PCA = £75,467.36
▪ Profit projection in 10 years net rental growth 4% PCA = £51,866.38
▪ Total profit projection over 10 years = £127,333.76

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.