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£53,222
ROCE18%
Yield12%
Purchase £ £271,000
Property description
Strategy: HMO
OM Tenanted 18-Bed HMO in Stoke-On-Trent
Features:
• Asking price of £895,000
• This property has a £1,000,000 RICS Valuation
• Currently tenanted with an annual rent of £106,320
• 18-bedroom apartment block
• Total En-Suites: 18
Tenancy:
• Room 1 Rent: £480
• Room 2 Rent: £540
• Room 3 Rent: £420
• Room 4 Rent: £480
• Room 5 Rent: £540
• Room 6 Rent: £500
• Room 7 Rent: £480
• Room 8 Rent: £460
• Room 9 Rent: £520
• Room 10 Rent: £500
• Room 11 Rent: £560
• Room 12 Rent: £420
• Room 13 Rent: £540
• Room 14 Rent: £500
• Room 15 Rent: £480
• Room 16 Rent: £480
• Room 17 Rent: £520
• Room 18 Rent: £440
• Total Annual Rent: £106,320
Bills:
• Utilities: £645
• Council Tax: £138
• Broadband: £60
• Water: £285
• Total annual bills: £13,536
• Located Outside Article 4 Area
• HMO license in place
The financials:
▪ Purchase price: £895,000
▪ GDV: £1,000,000
▪ Annual profit: £53,222
▪ ROCE: 18%
▪ Yield: 12%
Sourced reference: 213487328838922
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£53,222
ROCE18%
Yield12%
Purchase £ £271,000
Sales Agent
Craig Winnard
My Time Property Investments
Smart support to move your deal forward
Review the numbers
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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