This property presents an excellent renovation opportunity, offering the potential to add significant value while operating as a serviced accommodation or holiday let. With a below-market-value (BMV) price and a sale agreed at £125,000, it’s an attractive investment for those looking to maximize returns.

The financials:
▪ Purchase price: £125,000
▪ Refurb costs: £72,000
▪ Annual profit: £24,000
▪ Annual rent: £34,000
▪ ROCE: 49%
▪ Gross yield: 16%
▪ GDV: £215,000
▪ Works approx.: £52,000
▪ Annual rent: £34,000
▪ Net yield: 11%

Opportunity to refinance and run as SA/BTL or simply flip. We are open to a JV partnership, private investors or to sell the deal on.

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.