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
GDV£1,150,000
Profit£265,795
ROCE80%
Purchase £ £13,750
Property description
Strategy: Development
Land on Commercial Site for Residential Development - Hackney Road, London
An exciting opportunity for developers located just off Hackney Road in one of East London’s most vibrant and well-connected neighbourhoods. This site has full planning permission for a four-bedroom contemporary dwelling with a balcony and small courtyard.
Foundation excavation works began shortly after the planning was approved. This has secured the planning permission in perpetuity. There is evidence of a building control visit to confirm this.
This represents an excellent opportunity to build a modern townhouse in a highly desirable urban location surrounded by a strong local community, thriving independent businesses, and excellent transport links.
The site sits in a prime East London location close to Hoxton, Shoreditch, and Bethnal Green. Nearby hotspots include the Columbia Road Flower Market, Broadway Market, London Fields, and many cafes, galleries and independent shops.
Key financials:
▪ Purchase price: £450,000
▪ GDV: £1,150,000
▪ Purchase costs: £13,750
▪ Refurb costs: £338,531
▪ Profit once sold: £265,795
▪ ROCE: 80%
▪ Sourcing fee: £9,000
▪ Investment required:
Please get in touch for further information.
Sourced reference: 153334795442983
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
GDV£1,150,000
Profit£265,795
ROCE80%
Purchase £ £13,750
Sales Agent
Andrew Idiabana
Andrew Diamond Investments 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