Tenanted BTL in Murton, Seaham

This turnkey 2 bed BTL opportunity based in Murton, Seaham, offers 26% ROCE and a 11% yield.

- The flat is currently rented out on a Commercial Tenancy Agreement until November 2027. If the Commercial Tenancy Agreement isn't carried on past this point the flat can be rented out for £550 per month, which is what is achieved by the identical flat next door
- The property produces immediate cashflow
- The area commands a strong demand for single professionals
- There is funding for the upgrade of the retail parade on Woods Terrace and for wider area connectivity, which suggests a continued good demand for properties in this area.

Financials:

- Purchase Price: £46,000
- Purchase Costs: £19,500
- Sourcing Fee: £4,000
- Monthly Rent: £500
- Annual Rent: £6,000
- Monthly Profit: £278.13
- Annual Profit: £3,337.50
- ROCE: 26%
- Gross Yield: 11%

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.