Unregulated property loans in Wantage, Hands-Off

The opportunity seeks unregulated property funding for a defined project. Investors should review the proposed security, loan term, annual return, project costs and exit arrangements before making any commitment.
This deal is suitable for hands off investors, suitable for investors with limited time or for overseas investors.

This deal is suitable for hands off investors, suitable for investors with limited time or for overseas investors.

7 Bed HMO Development in Wantage:

Sourced Partner James Preston is working in partnership with Forty Ten Property Group and we are pleased to present an exclusive investment opportunity to participate in the acquisition and redevelopment of a freehold town-centre HMO acquired below its finished value, refurbished to a professional en-suite specification and let room by room to occupiers from one of the South East's strongest science and technology employment clusters. The project encompasses the conversion and refurbishment of an existing 7 bed HMO to a 7 bed HMO, all with en-suites.

Development financials:
Purchase Price: £315,000
Development Costs: £100,000
Construction Timelines: 5 months
GDV: £750,000 - valuation available on request
Gross Monthly Rent: £5,250
Gross Annual Rent: £63,000
Monthly Running Costs: £12,000
Annual Running Costs: £1,000
Net Monthly Income: £4,250
Net Annual Income: £51,000
Gross Yield: 8.4%
Net Yield: 7%
ROCE: 13% - on a 25% mortgage

Investment financials:
Required Investment: £80,000
Minimum Investment: £20,000
Interest Return: 13% Per Annum
Head Funder already secured
Security: Business Loan or Equitable Charge
Repayment upon sale.
Option to buy the full investment at the end of the development
Loan Term: 12 months

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
Purchase price: £315,000
Current value: £450,000
GDV: £750,000
Refurb/works cost: £100,000
Total investment: £80,000
ROI: 13%
ROCE (%): 13%
Term: 12 months
Minimum investment: £20,000