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£16,980
ROCE27%
Yield12%
Purchase £ £12,500
Property description
Strategy: Buy to Let
5 Self Contained Flats in Lancashire
Investment Area: Blackpool
Strategy: Multi-Unit Buy to Let
Traditional Large mid terrace house, divided up into MUFB (Multi-Unit Freehold Block).
Key property details:
- Large House Split into 5 Self contained flats.
- Freehold
- 133sqm
- EPC Each flat C
- Council tax band A
- Vacant possession
- No chain
This mid-terraced house is currently set up as FIVE Self Contained Flats situated on Albert Road just off Regent Road being very conveniently placed for Local Shops, Schools, Public Transport, Close to University and other Local Amenities. The accommodation comprises Four 1 Bedroom Flats which could achieve £400pcm each and 1 Studio Flat which could achieve £350pcm.
▪ Purchase price: £190,000
▪ Annual profit: £16,980
▪ ROCE: 27%
▪ Yield: 12%
▪ Deposit: £47,500
▪ Stamp duty: £9,500
▪ Sourcing fee: £4000+vat
▪ Legal fees estimate: £1,500
▪ Survey estimate:£1,000
▪ Insurance estimate: £500
▪ Total: £64,000
▪ Max. potential gross rent: £23,400
▪ Mortgage Interest 75%@4.5%: £6,413
▪ Gross profit:£16,987
Representing an all money out deal within 5 years!
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
If you are interested in this or similar opportunities that you would like us to find for you please get in touch.
Sourced reference: 236129988355559
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£16,980
ROCE27%
Yield12%
Purchase £ £12,500
Sales Agent
Ben Barton
Kimber Le Prevost Limited
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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