Deal 50 - 2-Bed Hands-Off BRRR: Durham

This is a 2-bedroom terraced home in Durham.

Our All-Inclusive Service:
• Property Sourcing: We identify and secure profitable investment opportunities.
• Finance: We assist with securing competitive financing options.
• Refurbishment: Our in-house team handles all renovation and refurbishment work.
• Tenant Placement: We find reliable tenants and manage the tenancy process.
• Property Management: We provide comprehensive property management services, including rent collection and maintenance.

Key Investment Highlights:
▪ Purchase price: £37,500
▪ GDV: £75,000 Deal 48 - Hands-Off BRRR: Durham

Key Investment Highlights:
▪ Purchase price: £60,000
▪ GDV: £110,000
▪ Refurb costs: £2,500,000
▪ Estimated Monthly Rent: £775
▪ Estimated Yearly Net Profit: £5,175
▪ ROCE: 40%
▪ Gross yield: 8%

Our All-Inclusive Service:
Property Sourcing: We identify and secure profitable investment opportunities.
Finance: We assist with securing competitive financing options.
Refurbishment: Our in-house team handles all renovation and refurbishment work.
Tenant Placement: We find reliable tenants and manage the tenancy process.
Property Management: We provide comprehensive property management services, including rent collection and maintenance.
▪ Refurb costs: £26,750,00
▪ Estimated monthly rent: £575
▪ Estimated yearly net profit: £4,088
▪ ROCE: 28%
▪ Gross yield: 9%

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.

Durham is undergoing significant regeneration, with projects aimed at improving infrastructure, transport, and amenities. For example, the Durham Gate development is transforming a former industrial site into a mixed-use community with residential, commercial, and leisure spaces.
These developments can increase property values and rental demand in surrounding areas, offering long-term growth potential for investors.
Compared to other UK cities like London or Manchester, Durham offers relatively affordable property prices. The average house price in Durham is lower than the national average, making it an attractive entry point for first-time investors..
Over the past decade, Durham has seen consistent capital growth in property values, driven by its strong rental market, historic appeal, and ongoing development projects.
Investors who buy in up-and-coming areas or near regeneration zones may benefit from significant appreciation in property values over time.