4 Self-Contained Flats

This BTL opportunity based in Sunderland and offers 21% ROCE and a 12% yield.

- 3 story house converted into 4 self-contained flats
- 3 out of the 4 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: £272,500
- Purchase Costs: £91,575
- Sourcing Fee: £5,450
- Monthly Rent: £2,810
- Annual Rent: £33,720
- Monthly Profit: £1,677
- Annual Profit: £20,129
- ROCE: 21%
- Gross Yield: 12%

All financials have been worked out assuming a 10% management fee, that can be arranged through our Sourced Living lettings agency, meaning this investments can be as hands on or as hands off as an investor wishes. If an investor wishes to self manage then the 10% can be removed to improve the ROCE.

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.