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£4,102
ROCE32%
Yield8%
Purchase £ £9,550
Property description
Strategy: Buy to Let
A 1-bedroom leasehold flat in Bury, offering a strong Buy, Refurbish, Rent, Refinance opportunity with clear value-add potential.
The property requires a full refurbishment, creating scope to significantly improve its condition, rental appeal and capital value. It also benefits from parking facilities and an exceptionally long 946-year lease.
Once refurbished and tenanted, this compact investment is projected to generate attractive monthly cashflow while allowing the investor to recover a substantial proportion of their initial capital through refinance.
Key Financials
▪ Purchase price: £67,000
▪ GDV: £125,000
▪ Refurb costs: £20,975
▪ Money left in after refinance: £12,973
▪ Monthly rent: £850
▪ Monthly profit: £341
▪ Annual profit: £4,102
▪ Yield: 8%
▪ ROCE: 32%
A strong BRRR opportunity combining a low entry price, significant value-add potential and attractive projected returns.
Sourced reference: 316419613332871
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£4,102
ROCE32%
Yield8%
Purchase £ £9,550
Sales Agent
Paul Adeleye
P & E Property
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