Turnkey BTL in Burnley
About this property
Are you looking to add a BTL to your portfolio that brings in value to your portfolio? Here’s why this can be your next deal.
This 3-bedroom terraced property in Burnley, Lancashire, offers strong potential for both capital appreciation and cash flow. Fully turnkey and ready to perform, the home is positioned in a sought-after location that naturally attracts a wide variety of high-quality tenants.
Key property details:
- 3-bedroom mid-terraced
- 69sqm
- Freehold
- No chain
- Burnley
Key financial:
- Purchase price: £75,000
- Purchase cost: £9,100
- Refurb cost: £0
- GDV: £82,000
- Rental income: £650
- Annual rent: £7,800
- Profit per month: £419
- Annual profit: £5,032
- Yield: 10%
- Money left in after refinance: £24,100
- Investment required: £31,600
- Sourcing fee: £3,000
Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.
Speak to a broker