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
GDV£800,000
Profit£135,000
ROCE63%
Purchase £ £39,474
Property description
Strategy: Unreg Property Loans
The project is a renovation project of a 7-bedroom semi-detached property in the popular suburb of Liverpool, Sefton Park. The property is in current need of renovation, this will more than like be a back to brick renovation.
Project Financials
▪ Property purchase price: £325,000
▪ Development costs: £276,000
▪ Upfront costs: £39,474
▪ GDV - £800,000 (based on a conservative figure of £3007 per m2 - this is the lower end of comparables, based on properties currently on the market and sold nearby)
Experience/ Project Management
James has a background in financial advice and will take a lead on the project financials.
His son, Matthew will project manage the development, Matthew has experience within construction and has been a project manager for the last 8-9 years, as well as holding roles as a project planner. He has managed projects ranging from £10,000s to circa £60million. The projects have varied from Civils, Mechanical and Electrical to large external facade and fit out schemes. During this time, he has managed the commercial element of projects and gained extensive contacts within the construction industry.
Unregulated Loan Agreement Summary
▪ Loan amount: £150,000
▪ Interest rate: 15% per year
▪ Approx. 18 Months Term
▪ 2nd charge on development
▪ Exit and repayment plan: Advertise on open market with local estate agent.
Sourced reference: 292142758884636
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
GDV£800,000
Profit£135,000
ROCE63%
Purchase £ £39,474
Sales Agent
James Kelly
Sourced
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