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
GDV£2,050,000
Profit£580,000
ROCE45%
Purchase £ £29,700
Property description
Strategy: Joint Venture
"Barnstaple Residential Transformation – Development Opportunity"
Project Snapshot
- Location: Bear Street, Barnstaple (EX32 7DX)
- Scheme: Conversion of existing house into 6 high-spec apartments + construction of 3 new-build 3-bed terraces with parking, green areas and a courtyard.
- Market: Strong Growth Demand: North Devon rural markets outpace national trends, with substantial capital growth in 5 years.
Financials
- Total Development Cost: £1.35m
- Gross Development Value (GDV): £2.05m
- Development Interest: £103,000
- Development Equity: £150,000
- Senior Debt: £1.2m
- Forecast Profit: ~£580k
Exit Strategies:
1. Sell all 9 units on the open market
2. Hybrid: Sell 3 terraces, refinance 6 apartments as income stock
3. Refinance all 9 units as income-producing stock.
Investment Terms
- Capital Required: £150,000
- Term: 12 months
- Return to Investors: 20–25% per annum
- Security: 2nd charge / debenture over SPV
- Exit: Repayment upon sale or refinance
The Team
- Lead Developer: George Capsalis – experienced in property development, structured finance, and project delivery across the UK and West Africa
- Senior Lender: Hampshire Trust Bank – indicative £1.3m facility approved
- Delivery Partners: Mode Construction, Woodward Smith Architects, and Metro Ltd contractors with track record in residential and commercial schemes.
Why Invest?
✔ Prime Barnstaple location with strong Buy-to-Let and Short-Let demand
✔ GDV uplift: £2.05m vs £1.35m cost base
✔ Attractive secured returns (20–25% p.a.)
✔ Multiple exit strategies to protect investor capital.
For further details or to discuss participation, please contact.
Sourced reference: 236998423138968
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
GDV£2,050,000
Profit£580,000
ROCE45%
Purchase £ £29,700
Sales Agent
Theresa Ochiba
Sonntags Property Managaement
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