Turnkey - Buy to let - Boston

Quick and simple! Turnkey Buy to Let

*Money in: £37,500 with mortgage
*Monthly profit £322.31
*Total profit projection over 10 years = £118,694.59 🔥
*EPC D
*Turnkey

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal. You will also be earning from the monthly rental from day one.
The turnkey buy to let strategy is as simple as it gets and low risk. Suitable for entry level investors new to property or seasoned investors adding to their existing portfolio. Rental income alone won't make you wealthy you need to use leverage and take advantage of inevitable inflation to grow your wealth over time.
When a property is described as turnkey, it means all the hard work has been done for you. Turnkey houses are fully prepared, meaning you won't need to spend time and money on upgrades or repairs.

Rental demand in Boston, Lincolnshire is exceptionally strong driven by an expanding private rental sector, high tenant turnover, and excellent value for money. For property investors, the town is considered a top buy-to-let hotspot due to its low entry prices and highly competitive yields.

Key Property Details:
- 2-bedroom terrace house
- EPC D
- 79 sqm
- Town centre location
- No chain
- Council tax band A
- Vacant possession

Key Financials example recent Leeds BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee::
▪ Total investment needed: £37,500
▪ Guide price: £105,000
▪ Deposit: £31,250
▪ Legals: £2,000
▪ Stamp duty: £4,000
▪ Gross monthly rent: £775-£850
▪ Gross annual rent: £9,300-£10,200

▪ Deductions: Mortgage £345.19, Letting agent £77.50, Insurance £30
▪ Monthly profit after deductions: £322.31
▪ Annual profit: £3,867.75
▪ Gross yield: 9%
▪ ROCE: 10%
▪ Net rent mortgage coverage: 193%

▪ Profit projection in 10 years capital growth 5% PCA = £74,355.17
▪ Profit projection in 10 years net rental growth 3% PCA = £44,339.42
▪ Total profit projection over 10 years = £118,694.59 🔥

With Sourced you get the full property wealth building package in one place;
Sourced Enterprise - Full limited company SPV and accounting solution
Sourced Finance - Specialist lending not available on the high street
Sourced Living - Fully compliant lettings management service
Legal Conveyancing team available if required.
Highly skilled renovation team ready to go!