BTL in Seaham

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.

Sourced are proud to present this turnkey 2 bed BTL opportunity based in Murton
- The flat has just had a full refurbishment and is currently not tenanted and is able to obtain £600 per month
- 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.

Financial Information:

- Current value: £50,000
- Purchase price: £39,950
- Purchase costs: £16,187.50
- Refurb/works cost: £0
- Sourcing fee: £4,000
- GDV: £50,000
- Monthly rent: £600
- Annual rent: £7,200
- Investment required: £16,187.50
- ROCE - 30%
- Yield - 18%

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.

Financial Information
Current value: £50,000
Purchase price: £39,950
Purchase costs: £16,187.50
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £50,000
Monthly profit (£): £371.75
Annual profit: £4,461
Monthly rent: £600
Annual rent: £7,200
ROCE (%): 30%
Yield: 18%
Money left after refinance: £16,187.50
Investment required: £16,187.50