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£22,737
ROCE21%
Yield11%
Purchase £ £39,800
Property description
Strategy: HMO
Beautifully presented and spacious 3-bedroom family home with the potential to be turned into a 6-bedroom HMO located in South Ockendon with NO ONWARD CHAIN!
This property is well presented with major potential in being used as a HMO. The refurbishment would see the property have 4 Double Rooms and 2 Single Rooms as well as 2 Bathrooms, a nice Kitchen and an excellent lounge. This property also has a lot of external space opening it up to future development potential.
Externally, the property has a good sized rear garden and a well maintained front garden, with a large Garage an Parking to the rear.
The property is conveniently located just a 10 minute walk to Ockendon Station and one stop away from Lakeside (Chafford Hundred). The property is also situated locally to many shops and other amenities, as welll as lots of bus stops making it easy to get around.
Access to the A13 and M25 makes it a perfect location with great links into london. The C2C from Ockendon Station is only 30 minutes into London Fenchurch Street.
- Tenure | Freehold
- Council Tax Band | C
The financials:
▪ Purchase price: £365,000
▪ Refurb costs: £75,375
▪ GDV: £550,000
▪ Annual profit: £22,737
▪ ROCE: 21%
▪ Yield: 11%
Sourced reference: 158132294185391
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£22,737
ROCE21%
Yield11%
Purchase £ £39,800
Sales Agent
Paul Adeleye
P & E Property
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