5 Self-Containe Flats

This BTL opportunity based in Sunderland and offers 20% ROCE and a 12% yield.

- 3 story house converted into 5 self-contained flats
- 4 out of the 5 flats are currently tenanted
- All flats are in good condition, and the property is turnkey allowing immediate cashflow
- The area commands a strong demand for single professionals
- Properties across Sunderland have seen annual capital appreciation of 6%
- With a substantial £500 million regeneration project in the area aimed at creating thousands of new jobs, this all suggests no slow up of demand or capital growth

Financials:

- Purchase Price: £340,000
- Purchase Costs: £118,000
- Sourcing Fee: £6,800
- Monthly Rent: £3,400
- Annual Rent: £40,800
- Monthly Profit: £1,997
- Annual Profit: £23,970
- ROCE: 20%
- Gross Yield: 12%

Sourced offer a comprehensive property wealth building package in one place;

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

For further information, get in touch.