Just months into his journey, Tom has already had an offer accepted on his first development project: a three-bedroom property secured for £150,000. It’s a huge milestone Property Partner still in the early stages of building his portfolio.
From the outset, Tom had a clear plan. He’s investing £45,000 into a full refurbishment to convert the property into a six-bedroom HMO, with every room benefitting from its own ensuite. Once complete, the project is forecast to achieve an end value of £275,000, delivering a significant uplift of over 80%. And, rather than selling, Tom’s planning to refinance and hold on to the property, creating long-term recurring income from his property, expected to generate around £2,500 per month in rental income once fully let.
A major reason Tom has been able to move so quickly is his easy access to Sourced Financial Services. He secured all of his funding in-house through our specialist brokerage, including a bridging loan to fund both the purchase and the refurbishment. Once the works are complete, Sourced Financial Services have provided funding for his refinance too. What’s more, as a Sourced franchisee, his broker fees were also waived, helping keep costs down and returns strong.
This project is a perfect example of the Sourced ecosystem in action. From education and strategy through to funding and execution, everything is designed to work together seamlessly, removing unnecessary barriers and helping Partners move forward with confidence.
If you want to follow in Tom’s footsteps and start building your own property journey with expert support, tailored finance and a proven system behind you, enquire today and discover what’s possible with Sourced.
Author
Chris Kirkwood
