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£2,964
ROCE58%
Yield12%
Purchase £ £8,900
Property description
Strategy: Buy to Let
Tenanted BMV BTL in Teeside
Traditional 3-bedroom mid terrace house.
Key property details:
- Freehold
- 82 sqm
- EPC D
- Council tax band A
- Tenant in situ
- No chain
This mid Terraced House is currently tenanted with an income of £450.00 pcm or £5,400 pa representing a yield at asking price of 12%. The current asking price is lower than similar properties have sold for in the area, giving scope to refinance to increase ROCE. Please remember, we will start the negotiation on your behalf if you wish to purchase, subject to our contract, proof of funds and an AML check being in place.
▪ Purchase price: £45,000
▪ GDV: £65,000
▪ Annual profit: £2,964
▪ ROCE: 58%
▪ Yield: 12%
▪ Purchase costs: £8,900
▪ Total: £53,900
▪ Gross rent: £5,400
▪ Refinance example based on value of property being: £65,000
▪ Maximum rent: £5,400
▪ Mortgage Interest 75% @5%: £2,438
▪ Money left in after refinance: £5,150
Representing an all money out deal within 2 years!
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
If you are interested in this or similar opportunities that you would like us to find for you please contact.
Sourced reference: 271983369618536
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£2,964
ROCE58%
Yield12%
Purchase £ £8,900
Sales Agent
Ben Barton
Kimber Le Prevost Limited
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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