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£4,256
ROCE22%
Yield11%
Purchase £ £8,900
Property description
Strategy: Buy to Let
Deal 83 - BRRR : Sunderland
2-Bed Terraced in Sunderland
Key Investment Highlights:
▪ Purchase price: £48,000 (current asking price £60k)
▪ GDV: £62,500
▪ Refurb costs: £9,000
▪ Annual profit: £4,256
▪ ROCE: 22%
▪ Gross yield: 11%
▪ Estimated monthly rent: £354.69
Our All-Inclusive Service:
▪ Property Sourcing: We identify and secure profitable investment opportunities.
▪ Finance: We assist with securing competitive financing options.
▪ Refurbishment: Our in-house team handles all renovation and refurbishment work.
▪ Tenant Placement: We find reliable tenants and manage the tenancy process.
▪ Property Management: We provide comprehensive property management services, including rent collection and maintenance.
Sourced reference: 157996553793693
Due diligence
Economic Landscape
Automotive & Advanced Manufacturing: Sunderland is home to the Nissan Motor Manufacturing UK plant, one of the largest car production facilities in Europe, which plays a pivotal role in the local economy. The plant supports thousands of jobs and fosters a supply chain of related industries.
Port & Logistics: The Port of Sunderland facilitates trade and logistics, handling bulk cargo, offshore energy support, and renewable energy projects. The port is undergoing redevelopment to boost its role in offshore wind and maritime industries.
Renewable Energy: Sunderland is emerging as a hub for green energy, with investments in offshore wind and battery manufacturing. The International Advanced Manufacturing Park (IAMP) supports high-tech industries, including electric vehicle production.
Retail & Services: The city centre has undergone regeneration, with projects like Riverside Sunderland aiming to attract businesses, retail, and leisure developments.
Transport and Infrastructure
Road Networks: The A19 and A1(M) provide strong road links to Newcastle, Teesside, and beyond. The Sunderland Strategic Transport Corridor aims to improve connectivity.
Public Transport: Sunderland is served by the Tyne & Wear Metro, connecting it to Newcastle and South Shields. Local bus networks cover key areas, and the Sunderland Railway Station offers regional rail services.
Cycling & Walking: The city promotes active travel with improved cycling routes and pedestrian-friendly developments.
Demographics and Quality of Life
Population: Sunderland has a population of around 275,000, with urban areas like the city center and suburban communities such as Washington and Houghton-le-Spring.
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£4,256
ROCE22%
Yield11%
Purchase £ £8,900
Sales Agent
Keeshan Pillay
KLAP Property Group Ltd
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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