Sourced Approved Investment

Cash Only Purchase South East - Apartment

£ 68,000

Added: 12/11/2024

Profit pa£7,560

ROCE77%

Yield0%

Property description

Strategy: Buy to Let

"Short-Term Leasehold Property in Seaford"

Cash Only Purchase

This is a short term leasehold property with 56 years leasehold left. It has potential to extend this and substantially increase the property value. It is currently let at £700 PCM offering £8,400 per annum.

The financials:
▪ Purchase price: £68,000
▪ Annual profit: £7,560
▪ ROCE: 77%
▪ Yield: 11%

▪ Sourcing fee: £5,000
▪ Legal costs and fees: £4,790

Offering returns of 11% per annum with massive potential to increase the property value with some additional work done on increasing the length of the lease

Sourced reference: 187157555737453

Location map

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.

Read more

Due diligence

No information supplied.

Sales Agent

Sourced

Franchise

Gain access to Sourced

Explore our full suite of property investment products and services.

Create a free account

Start exploring your Sourced dashboard

Create account

By proceeding you are agreeing to our
Terms of business and Privacy Policy

Ok message

Error message