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£9,573
ROCE69%
Yield15%
Purchase £ £6,500
Property description
Strategy: HMO
This property represents a 3-bedroom HMO investment, requiring only a light decorative tidy-up to bring it up to standard. With strong rental demand in the area, the property is projected to achieve £550 pcm per room, generating a £797 net monthly profit and a 15% Gross yield.
The low entry refurbishment of just £5,796 makes this a straightforward acquisition with minimal risk, while the uplift to £130,000 GDV provides equity growth potential. Delivering a 69% ROCE, this turnkey opportunity is ideal for investors seeking immediate income with long-term capital appreciation.
Deal metrics
▪ Purchase price: £95,000
▪ Refurb costs: £5,796 (decoration update)
▪ GDV: £130,000
▪ Annual profit: £9,573
▪ ROCE: 69%
▪ Yield: 15%
▪ Purchase costs: £6,500 (plus deposit & sourcing fee)
▪ Monthly rent: £800
▪ Monthly profit: £309
Sourced reference: 331518596112851
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£9,573
ROCE69%
Yield15%
Purchase £ £6,500
Sales Agent
Ben Kirby
Ben Kirby / Kirby Estates
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