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£26,070
ROCE193%
Yield5%
Purchase £ £34,000
Property description
Strategy: Buy to Let
"Flip/Quick Sale/B2L/Title Split in Reading"
The building contains 8 x 1 flats, sold as vacant possession with planning permission to use the carpark to build more units. The property is a very large Beautiful Georgian building ( Listed Building), with a car park at the Rear (suitable for redevelopment).
The financials: (Bridging loan)
▪ Purchase price: £1,450,000
▪ GDV: £2,200,000
▪ Refurb costs: £220,000
▪ Annual profit: £26,070
▪ ROCE: 193%
▪ Yield: 5%
▪ Left in the deal after refinance: £13,500 ▪==
▪ Total cost : 1,738,500
▪ Required Cash Contribution : 723,500
▪ Refinance : 2,300,000
▪ Cash-out via refinance £710,000
Sourced reference: 283737643889958
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£26,070
ROCE193%
Yield5%
Purchase £ £34,000
Sales Agent
Mohammed Hama
Cosmo Properties Ltd
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