BTL in New Ollerton

Your next project! High capital appreciation - Buy to let

*Monthly profit £516.63
*ROCE: 11%
*Gross Yield: 8%
*Total profit projection over 10 years = £171,693.46

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal you can double your initial investment in 4 years with capital growth of 5% PCA. These are also below market value so the equity will be more than your costs to purchase the property (including sourcing, deposit, legals, survey, stamp, mortgage fee).

Key property details:
- 3 Bed Semi detached house
- Large garden front and back
- 84 sqm
- EPC C
- Council tax band A
- Town centre location
- Vacant possession
- No chain

Key Financials example Bridging loan purchase -
▪ Total investment: £54,000
▪ Purchase price: £110,000
▪ Deposit: £27,500
▪ Legals: £2,000
▪ Stamp duty: £5,500
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £15,000
▪ GDV: £160,000
▪ Gross monthly rent: £1,000
▪ Gross annual rent: £12,000

Refinance - May 2026, Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.14%, No fee:
▪ Deductions: Mortgage £353.38, Letting agent £100, Insurance £30
▪ Money left in: £54,000
▪ Monthly profit after deductions: £516.63
▪ Annual profit: £6199.50
▪ Equity: £77,500
▪ Gross yield: 8%
▪ ROCE: 11%
▪ Net rent mortgage coverage: 246%

▪ Profit projection in 10 years capital growth 5% PCA = £100,623.14
▪ Profit projection in 10 years net rental growth 3% PCA = £71,070.32
▪ Total profit projection over 10 years = £171,693.46

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.
Professional and compliant renovation team ready to go!