This 1-bedroom flat in King's Lynn requires full refurbishment, presenting an excellent investment opportunity. Once renovated, it is expected to achieve a rental income of £750 pcm, offering a strong 10% yield and significant GDV growth. The property also boasts an impressive ROCE.

Located in a well-connected part of town, it benefits from outside building parking. Properties in this area rarely come to market, making this a unique chance to invest in this Norfolk market town. Currently in auction but may be sold prior, subject to an accepted offer.

The financials:
▪ Purchase price: £6,000
▪ Refurb costs: £27,695
▪ GDV: £90,000
▪ Annual profit: £6,525
▪ ROCE: 475%
▪ Yield: 10%

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.