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£3,161
ROCE10%
Yield9%
Purchase £ £31,500
Property description
Strategy: Buy to Let
Marketing Summary – Freehold Investment Apartment
A well presented two bedroom freehold flat, offering an excellent turnkey buy to let opportunity with tenants already in situ and immediate rental income from day one.
Positioned for convenience, the property is ideally located close to the bus station, train links, and a range of local amenities, making it highly attractive to tenants and supporting consistent rental demand. Internally, the flat is maintained in good condition throughout, comprising a bright and spacious living area, fitted kitchen with ample storage, two well proportioned bedrooms, and a modern shower room.
This is a hands off investment requiring no immediate works, making it ideal for both seasoned landlords and first time investors. With a potential rental income of circa £650pcm, the property offers a solid yield in a well connected location.
Key Features:
• Freehold apartment (rare for this property type)
• Tenants in situ, immediate income
• Potential rental income approx. £650pcm
• Two well sized bedrooms
• Bright living space & modern shower room
• Convenient location near transport links
• Close to shops and local amenities
• Council Tax Band A
Key Financials:
• Purchase Price: £90,000
• Value: £100,000
• Rental Income Per Month: £650
• Rental Income Per Year: £7,800
• ROCE: 10%
• Yield: 9%
Additional Opportunity:
The seller also owns a neighbouring one bedroom apartment, presenting a unique opportunity for investors to acquire multiple units in the same location. There may be scope to negotiate a reduced overall purchase price when buying both properties together, enhancing yield and portfolio efficiency.
Sourced reference: 266349994431617
Due diligence
No information supplied.
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£3,161
ROCE10%
Yield9%
Purchase £ £31,500
Sales Agent
Lee Childs
Pathway Sourcing Limited
Smart support to move your deal forward
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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