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£10,400
ROCE102%
Yield0%
Purchase £ £10,150
Property description
Strategy: Rent to Rent
This 3-bedroom, 2-reception property in Esh Winning is just 5 miles from Durham City Centre, a prime base for university visitors, contractors, and tourists. The area benefits from strong demand for short-term accommodation, with Durham attracting over 4 million visitors annually and consistent contractor demand from regional infrastructure projects.
Low property acquisition costs compared to central Durham create attractive margins, making this a high-yield short-let opportunity with stable year-round demand.
Flexible R2R opportunity, offered on a 4 year contract, with a 1 month notice period for the investor, no deposit.
- £650 pcm rent to pay
- 50% occupancy, Gross rent £1700 pcm, Net profit £129 pcm, £1548 pa
- 60% occupancy, Gross Rent £2040 pcm, Net profit £375 pcm, £4500 pa
- 70% occupancy, Gross Rent £2380 pcm, Net profit £620 pcm, £7440 pa
- 80% occupancy, Gross Rent £2380 pcm, Net profit £866 pcm, £10,400 pa
- 90% occupancy, Gross Rent £3060 pcm, Net profit £1112 pcm, £13,344 pa
Needs painting, £1500 built into the calculation (so option to remove if you DIY). Painting can be organised if Investor wishes'
- £5000 in set up calculation for furniture etc
- £4000 (+VAT) Sourcing Fee
Sourced reference: 156997875965348
Due diligence
Numbers quoted for marketing are @ 80% occupancy, ADR £100
Projections are available at 10% increments
Break even point, based on calculations is 45% occupancy
Full calculations available to share upon request
Occupancy will depend on the level of effort put in my buyer (or mgnt company)
Numbers do not include a management fee (ie, assumes self managed)
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£10,400
ROCE102%
Yield0%
Purchase £ £10,150
Sales Agent
Keith Smith
Summit Propertysmiths Ltd
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