Dave’s Journey to a Six-Figure Profit

Meet Dave, an electrical contractor from Yorkshire, who saw property investment as his key to a better life.

  • Written 19th Jan, 2025
  • 4 min read

Meet Dave, an electrical contractor from Yorkshire, who saw property investment as his key to a better life.

Like many others, he aspired to enter the property market but lacked the necessary support and funding to achieve his goals.

That’s when he found Sourced. With the support and expert guidance, ongoing property training, and access to funding, he’s now deep into two projects that is expected to result in a 6-figure profit. Here’s the details…

Project 1: Full House Refurbishment

Dave discovered the detached 4-bedroom property about 14 months ago, managing to negotiate a good price. Dave is now transforming property, completing a full refurbishment into a 6-bed home by adding 2-bedrooms.

Financials:

Purchased at £265,000 with a build cost of £186,000 plus contingency. The high-spec renovation has a Gross Development Value (GDV) of around £700,000, yielding a six-figure profit.

Project 2: Dragon Parade Development

Purchased in November, this property originally comprised of three apartments. Dave’s undergoing a transformation to turn it into an 8-bedroom HMO (House in Multiple Occupation), including developing the basement.

Financials:

Bought for £300,000 with a build cost of £250,000 and an expected GDV of £860,000. The project aims for a monthly gross income of approximately £6,500, with a net of around £3,000.

Keen to follow in Dave’s footsteps? You can download our prospectus to learn more about our unique franchise opportunity.

Download our prospectus

Author

Sam Clayton

Blogs you may like

Chris Kirkwood 8 min read

Written 26th Jun, 2025

Why Starting a Lettings Business in 2025 Is One of the Smartest Moves You Can Make

Let’s be honest: starting a business in today’s economy can feel risky. But lettings? That’s a different story.

Read more

Chris Kirkwood 3 min read

Written 23rd Jun, 2025

The Easiest Way to Make £20k from Property

Let’s cut to it, you want to make £20k from property, and you don’t want to wait five years (or remortgage your house) to do it.

Read more

Chris Kirkwood 10 min read

Written 20th Jun, 2025

The 5 Most Common Mistakes New Property Investors Make (and How to Avoid Them)

Thinking about getting into property investment?

Read more

Gain access to Sourced

Explore our full suite of property investment products and services.

Create a free account

Start exploring your Sourced dashboard

Create account

By proceeding you are agreeing to our
Terms of business and Privacy Policy

Ok message

Error message