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£1,613
ROCE35%
Yield6%
Purchase £ £127,400
Property description
Strategy: Buy to Let
BTL in Bowdon, 2-to-3 Bed Apartment Conversion
This value-add opportunity in Bowdon, Altrincham offers the potential to reconfigure a spacious 908 sq ft ground floor apartment from a two-bedroom, two-bathroom layout into a more desirable three-bedroom home.
The strategy focuses on relocating the kitchen to create an open-plan kitchen, living and dining space while making better use of the existing footprint. The property benefits from high ceilings, character features, its own private entrance, allocated parking, patio access and communal gardens. Located within walking distance of Altrincham, Hale and the Metrolink, it offers strong resale and rental appeal.
**FINANCIALS**
* Purchase Price: £370,000
* Purchase Costs: £127,400
* Sourcing Fee: £4,000
* Refurbishment Cost: £27,000
* GDV: £485,000
* Potential Profit on Sale: Approx. £53,000
**KEY SELLING POINTS**
* Prime Bowdon location
* 908 sq ft ground floor apartment
* Potential to convert from 2 to 3 bedrooms
* Open-plan kitchen/living/dining layout
* Character Victorian mansion conversion
* Private entrance
* Allocated parking
* Patio access and communal gardens
* Walking distance to Altrincham, Hale and the Metrolink
* Strong resale and rental demand
* Lower-complexity value-add opportunity
Sourced reference: 148728588672532
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£1,613
ROCE35%
Yield6%
Purchase £ £127,400
Sales Agent
Sourced
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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