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£4,125
ROCE55%
Yield12%
Purchase £ £8,050
Property description
Strategy: Buy to Let
12% Yield BTL in Durham
This spacious two bed property offers an excellent investment or renovation opportunity, with generous room sizes that could comfortably allow reconfiguration into a four-bedroom home, subject to the necessary consents.
The property qualifies for a VAT reduction on renovation works from 20% to 5% in line with Sunderland City Council guidelines. Benefits include gas central heating, uPVC double glazing, a boiler serviced in March 2025, and electrics upgraded in 2016. Externally, there is a large enclosed rear yard, and the property is set on a quiet no-through road enjoying open countryside views.
The property is located close to the local shopping areas, a few minutes walk from the local park areas and there are two primary schools and a local academy. A great area for families to move into.
Property Qualifies for the £10,000 Grant from Sunderland City Council's Empty Properties Renovation.
Expected Rents of £650PCM / £7,800PA.
The financials:
▪ Purchase price: £45,000
▪ GDV: £64,000
▪ ROCE: 55%
▪ Yield: 12%
▪ Annual profit: £4,125
▪ Purchase costs: £8,050
For more information, please get in touch.
Sourced reference: 171362469935576
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£4,125
ROCE55%
Yield12%
Purchase £ £8,050
Sales Agent
Steve Moyse
Meadow View (Norwich) 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