What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
GDV£125,000
Profit£19,000
ROCE33%
Purchase £ £9,000
Property description
Strategy: Buy to Sell
BMV, Tenanted BTL with Flip Potential in Alfreton
With tenants now residing inside, this property generates a yearly gross revenue of £6,696. This will be a valuable addition to an investor's property portfolio when taking into account the purchase price and the prospective rental income that may be collected in subsequent years. This property presents itself as a perfect opportunity for a high yielding BTL opportunity, with the ability to refurbish the property add significant amount of value, reaching a GDV of £125,000 for a refinance or a flip exit potential as well as a significant rent increase post modernisation.
The property's price is at £65,000, with refurbishment cost of approx £25,000, this property can reach a GDV of £125,000. From a flip perspective, this property would achieve a profit on sale of £19,000, 33% ROCE as well as 18% ROI. As a BTL this property generates £6,696 in revenue and a very strong 10% Gross yield.
For further information, please get in touch.
The financials:
▪ Purchase price: £65,000
▪ GDV: £125,000
▪ Refurb costs: £25,000
▪ Purchase costs: £9,000
▪ Profit once sold: £19,000
▪ ROCE: 33%
Sourced reference: 111954654459873
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
GDV£125,000
Profit£19,000
ROCE33%
Purchase £ £9,000
Sales Agent
Ben Kirby
Ben Kirby / Kirby Estates Sourcing
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network