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£12,141
ROCE21%
Yield10%
Purchase £ £14,400
Property description
Strategy: HMO
4-Bed HMO in Stoke-on-Trent
We are pleased to present an outstanding HMO opportunity in Stoke-on Trent. This project represents an exciting chance for investors to secure strong cash flow through a high-demand, high-yield property.
Strategically located in a thriving rental market. With rising demand for quality shared accommodation in Stoke-on-Trent, this HMO has the potential to deliver excellent income and a desirable place for students to live once works are completed. The property is less than 5mins walk from Staffordshire University on a street with other Student HMO’s of both identical and different layouts.
The financials:
▪ Purchase price: £145,000
▪ Refurb costs: £23,200
▪ GDV: £185,000
▪ Annual profit: £12,141
▪ Gross yield: 10%
▪ ROCE: 21%
▪ Gross rental income : £19,392
Key Highlights:
- Low purchase price with excellent entry point for investors.
- Uplift in value post-refurbishment, with an estimated GDV of £185,000.
-Potential to add a 5th bed by adding a dormer roof extension subject to the necessary planning permissions.
- High rental demand in the area, driven by local employment hubs, universities, and excellent transport links to Stoke and surrounding area.
- Impressive projected returns with £19,392 gross rental income
- 10% gross yield, making this deal stand out in today’s market.
- Ideal for investors seeking robust cash flow and long-term capital appreciation.
Sourced reference: 133324311931438
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£12,141
ROCE21%
Yield10%
Purchase £ £14,400
Sales Agent
Dan Ellis-Forrest
Everlong Property Group Limited
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