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£2,288
ROCE9%
Yield6%
Purchase £ £37,500
Property description
Strategy: Buy to Let
Excellent opportunity to buy this 2-bedroom plus loft room mid terraced rental property at a significant discount from open market value.
The financials:
▪ Purchase price: £115,000
▪ GDV: £150,000
▪ Annual profit: £2,288
▪ ROCE: 9% (based on 75% LTV BTL mortgage with 5% interest rate)
▪ Yield: 6% (as mentioned above, needs a rent review which would instantly increase this)
▪ Rental: £550 PCM (only 1 terraced property to let on RM within 1/2 mile and the rent is £800 PCM)
▪ Sourcing fee: £4,000
Sourced reference: 253757227696454
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£2,288
ROCE9%
Yield6%
Purchase £ £37,500
Sales Agent
Rick Kerfoot
SRK Property Ltd
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