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£21,675
ROCE74%
Yield19%
Purchase £ £31,850
Property description
Strategy: HMO
Small HMO Conversion - 19% Yield, £21,675 Net Profit per Year!
We are pleased to offer this sizeable semi-detached property in need of refurbishment, with potential to both add value and achieve a high rental yield of 19% by maximising the property's full potential.
Located near the heart of Chesterfield, it is just 0.9 miles from the main train station and close walking distance to local schools and nurseries. There is a driveway for several vehicles and a garden to the rear.
This area has shown strong demand for HMOs, outnumbering the available HMOs in a ratio of just over 2:1.
The financials:
▪ Purchase price: £85,000
▪ Estimated refurb costs: £30,000
▪ Annual profit: £21,675
▪ GDV: £140,000
▪ ROCE: 74%
▪ Rental yield: 19%
▪ Annual rental income: £26,400
For further information, please get in touch.
Sourced reference: 327938181362144
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£21,675
ROCE74%
Yield19%
Purchase £ £31,850
Sales Agent
Ben Fuller
Oakwood Property Partners Limited
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