4-Bed HMO in Newcastle

This 4 bed HMO is based in Gateshead, offers an impressive 26% ROCE and an 14% yield.

- Sourced are excited to market this HMO comprising of 4 fully let bedrooms, generating a monthly rental income of £2,025
- The whole property is in good condition, and the property is turnkey producing immediate cashflow from day 1
- The area commands a strong demand for working professionals and commuters
- Gateshead's ambitious multi-million-pound transformation focuses on three core zones: the Town Centre and Quays, the Riverside, and local neighbourhoods, meaning that the strong demand and capital appreciation looks likely to rise over the coming years

Financials:

- Purchase Price: £170,000
- Purchase Costs: £58,400
- Sourcing Fee: £4,000
- Monthly Rent: £2,025
- Annual Rent: £24,300
- Monthly Profit: £1,250.75
- Annual Profit: £15,009
- ROCE: 26%
- Gross Yield: 14%

All figures have been worked out factoring in a management fee for the HMO, with a full management service offered through our Sourced Living lettings agency, providing a fully hands-off service.

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.