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
Profit pa£5,340
ROCE28%
Yield10%
Purchase £ £8,600
Property description
Strategy: Buy to Let
Not to be missed! A new BTL opportunity for your review.
This two-bedroom freehold terrace in Hull is being sold with tenant in situ, offering an income-producing asset from day one. The property is EPC C, Council Tax Band A, and has a standard two-bedroom terrace layout of approx. 62 sqm / 667 sq ft.
Key Property Details
• 2-bedroom mid-terrace – Hull
• Approx. 62 sqm / 667 sq ft
• Freehold
• EPC C
• Council Tax Band A
• Tenant in situ
• Established residential area
• Refurb required to modernise – estimated £13,200
Key Financials
Example BTL mortgage: 75% LTV, 5% interest-only
• Target purchase price: £55,000
• Purchase costs: £8,600
• Includes: £4,000 sourcing fee, £1,500 legal, £350 insurance, £2,750 SDLT
• Refurb costs: £13,200
• Gross monthly rent: £695
• Gross annual rent: £8,340
• Monthly mortgage payment: £250
• Monthly net income: £445
• Annual net income: £5,340
• Gross yield: 10%
• ROCE: 28%
Mortgage Assumptions
• Loan: £41,250
• LTV: 75%
• Rate: 5% interest-only
• Monthly mortgage: approx. £297
Complete Investment Support Package
With Sourced, you have access to a complete property investment support package in one place, following the attached marketing template structure.
This includes:
• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Renovation support – experienced refurbishment team ready to assist with works where needed
Investor Note
The figures below are based on current market conditions and comparable sales within the last 12 months. All costs have been included to reflect a realistic taxable income position. As always, property should be viewed as a long-term investment, offering steady cash flow and capital growth rather than a short-term gain.
For further details or to invest, please contact us.
Sourced reference: 119233593512211
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
Profit pa£5,340
ROCE28%
Yield10%
Purchase £ £8,600
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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