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£1,935
ROCE9,999%
Yield7%
Purchase £ £5,650
Property description
Strategy: Buy to Let
Tenanted BMV BTL – Durham All Money Out Deal
This end terrace house Is currently tenanted at £380pcm. Due to the low purchase price would have to be a cash buy, but at this price there is no stamp duty to pay. As it is that represents a 15% yield. However if you invest around £15,000 improve the kitchen, bathroom and redecorate, the value uplift could be as high as £70,000 which would enable a refinance of £52,500 making this an all money out and some left over deal!
Key property details:
- Traditional End Terrace House.
- Freehold
- 79sqm
- EPC D
- Council tax band A
- Tenanted
- No chain
The financials:
▪ Purchase price: £30,000
▪ GDV: £70,000
▪ Refurb costs: £15,000
▪ Annual profit: £1,935
▪ ROCE: Infinite
▪ Yield: 7%
▪ Stamp duty: £0
▪ Sourcing fee: £4000+vat
▪ Legal fees estimate: £1,000
▪ Survey estimate: £350
▪ Insurance estimate: £200
▪ Total: £35,500
▪ Current gross rent: £4,560
▪ Release equity: £52,500
▪ Potential Rent: £5,400
Representing an all money out deal with >£6000 back!
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
Sourced reference: 345293513565375
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£1,935
ROCE9,999%
Yield7%
Purchase £ £5,650
Sales Agent
Ben Barton
Kimber Le Prevost Limited
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