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£4,125
ROCE23%
Yield12%
Purchase £ £17,875
Property description
Strategy: Buy to Let
This 3-bedroom terraced house is located in Ferryhill and is already rented. There is potential to increase the rent to market rate.
Ferryhill is an affordable market town in County Durham - 8 miles from Durham and 11 miles from Darlington. Newcastle Airport is just 30 miles away.
The financials:
▪ Purchase price: £50,000
▪ Annual profit: £4,125
▪ ROCE: 23%
▪ Yield: 12%
▪ Zoopla estimated value: £58,000
▪ Currently tenanted: under-let at £400 per month (9.6% gross yield)
▪ Potential rent: £500 per month resulting in 12% gross yield
Buy to let strategy
▪ Freehold
▪ Sourcing fee: £3,000 (+VAT)
Please message me further information.
Sourced reference: 254433343432469
Due diligence
Please conduct your own due diligence.
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£4,125
ROCE23%
Yield12%
Purchase £ £17,875
Sales Agent
Imogen Ridley
Sourced Franchise
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