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£8,792
ROCE7%
Yield9%
Purchase £ £33,800
Property description
Strategy: HMO
Beautifully presented and spacious 3-bedroom family home with 2 reception rooms. With the potential to be turned into a 4-bedroom HMO located in Basildon within walking distance to the Town Centre with NO ONWARD CHAIN!
This property is cleanly presented and modern with wood flooring to the majority of the house meaning there would be minimal refurb costs if using as a HMO. The ground floor comprises a large lounge to the front, with a nicely sized kitchen and a dining room to the back. The first floor offers three double bedrooms of excellent size, with a spacious family bathroom.
Externally, the property has a good sized rear garden and a well maintained front garden, with Set Back from the Road with Shared Parking & Pleasant Green to Front & parking to the rear.
The property is conveniently located between Basildon and Laindon Station, just a 20 minute walk to each, and within walking distance to the Basildon Town Centre. The property is also situated just 1.1 mile from Basildon University Hospital (4 minute drive or 23 minute walk), perfect for relocating NHS staff looking for accommodation, which has been on the rise.
There are also many shops located close by and an Outstanding Ofsted Rated School Close by.
Access to the A13, A127 and M25 makes it a perfect location with great links into london. the C2C from Basildon and Laindon Station are only 35 minutes into London Fenchurch Street.
- Tenure | Freehold
- Council Tax Band | C
The financials:
▪ Purchase price: £340,000
▪ Refurb costs: £12,470
▪ GDV: £360,000
▪ Annual profit: £8,792
▪ ROCE: 7%
▪ Yield: 9%
Sourced reference: 345781567752231
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£8,792
ROCE7%
Yield9%
Purchase £ £33,800
Sales Agent
Paul Adeleye
P & E Property
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