“North East Guaranteed Rent - Supported Housing BTL”

Sourced is excited to introduce this exceptional deal in the North East. A 3-bedroom freehold house generates an impressive £3,202 per annum with no refurbishment required at only a £60,000 purchase price, comparable to properties circa 90k.

Investors can enjoy a hands-off approach to their investment with no voids or maintenance costs, this property comes with a long-term 5-year lease with a supported housing charity at only 5% management, ensuring hassle-free management and guaranteed rent.

- No ground rent
- No service charge

Property in great condition, large property with a conservatory. Charity lined up, they have completed their checks and are ready to go—cashflow from day 1.

Build team and solicitors available on request to make this hassle-free.

The financials: (Excluding maintenance and management)
▪ Purchase price: £75,000
▪ Annual profit: £3,202
▪ ROCE: 12% (based on 75k end value, comparable properties Circa 90k so this will increase on re finance at a later stage)
▪ Gross yield: 10%
▪ Market value estimated: £90,000

▪ Sourcing fee: £3,750 Plus VAT
▪ Annual rent: £7,140
▪ Money left in: £26,450

Deal 3 - Ref 33

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.