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£4,575
ROCE25%
Yield5%
Purchase £ £16,000
Property description
Strategy: Buy to Let
BMV Flip in Hull with over £35k Profit
This 3-bedroom property is already in great condition and requires little more than a fresh coat of paint. A true turnkey investment, it is ready to be let immediately or flipped with minimal timescales, making it an excellent opportunity for investors.
The location is particularly great for families as it is close to schools and most major local amenities.
Investment Financials
▪ Purchase price: £155,000
▪ Annual profit: £4,575
▪ Refurb costs: £5,000
▪ GDV: £220,000
▪ ROCE: 25%
▪ Yield: 5%
▪ Purchase costs: £16,000
▪ Annual rent: £12,000
▪ Market value: £200,000
▪ Money left in: £18,475
Location
- 9.5 miles - Nafferton
- 0.1 miles - Cliff Road - N
- 0.4 miles - Co-op Hornsea
- 0.1 miles - Eastgate Medical Group, Hornsea
- 0.2 miles - Granville Court
- 0.3 miles - Hornsea School and Language College
For further information or to invest, please contact
Sourced reference: 192866735821377
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£4,575
ROCE25%
Yield5%
Purchase £ £16,000
Sales Agent
David McDermott
McDermott Developments & Co
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