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£6,825
ROCE25%
Yield9%
Purchase £ £16,450
Property description
Strategy: Buy to Let
A 1-bedroom leasehold apartment in Basildon, offering a manageable BRRR opportunity in an area with strong demand for modern rental accommodation.
The property is already in generally good condition, allowing the investor to focus on a targeted modern refurbishment rather than a substantial programme of works. The strategy is to improve its presentation and rental appeal, refinance against the projected uplifted value and retain it as a cash-flowing rental asset.
With an estimated £130,000 GDV, rental income of £1,000 pcm and a projected 25% ROCE, this is a compact BRRR opportunity suited to investors looking for a straightforward value-add project.
Key Financials
▪ Purchase price: £95,000
▪ GDV: £130,000
▪ Refurb costs: £6,140
▪ Money left in after refinance: £27,560
▪ Monthly rent: £1,000
▪ Monthly profit: £568.75
▪ Annual profit: £6,825
▪ Gross yield: 9%
▪ ROCE: 25%
A solid Basildon BRRR opportunity combining a light refurbishment, positive monthly cashflow and the potential to extract capital through refinancing.
Sourced reference: 129318955626428
Due diligence
No information supplied.
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£6,825
ROCE25%
Yield9%
Purchase £ £16,450
Sales Agent
Paul Adeleye
P & E Property
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