4-Bedroom End of Terrace Property Split into 3 Flats

Sourced are pleased to present this ready made income-generating property with high rental yields.

This 4-bedroom end-of-terrace property is already divided into three self-contained flats, each with its own private entrance. Currently let and minimal or no refurbishment required, depending on investor's preference or desired upgrades.

Property Details:

Flat 1: First Floor – 2 bedrooms, 1 bathroom, 1 kitchen
Flat 2: Ground Floor – 1 bedroom, 1 bathroom, 1 kitchen
Flat 3: Ground Floor – 1 bedroom, 1 bathroom, 1 kitchen

Tenants in-situ providing immediate rental income. Can request for vacant possession if preferred.

Financial Overview:
▪ Purchase price: £180,000
▪ GDV: £210,000
▪ Refurb costs: £10,000
▪ Sourcing fee: £4,000 + VAT

Rental Income:
▪ Annual rent: £24,000
▪ Monthly net income: £1,050
▪ Yield: 12%
▪ ROCE: 24%

This property offers strong returns and is well-suited for investors aiming to maximize their portfolio's cash flow. With minimal refurbishment required and tenants already in place, this deal provides a seamless investment opportunity with immediate income generation.

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.