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£41,572
ROCE21%
Yield7%
Purchase £ £176,260
Property description
Strategy: Buy to Let
Prime Freehold Investment | High-Yield Mixed-Use Terrace
A high-yield, "turn-key" investment opportunity comprising the freehold of a prominent four-storey building. The asset features four high-specification one-bedroom apartments (newly developed in 2024) and a ground-floor retail unit (sold-off on a long leasehold).
- Day-One Income: Fully let and generating a gross annual income of £45,600.
- High Yield: Offered at an attractive 7% gross yield.
- Zero CAPEX: The property is in immaculate condition following a comprehensive 2024 development, requiring no immediate capital expenditure.
Property rental and sizes
- Flat 1: £11,400 PA (40m²) – featuring private rear garden.
- Flat 2: £10,800 PA (37m²).
- Flat 3: £10,800 PA (37m²).
- Flat 4: £12,600 PA (Spacious 60m² top-floor unit with River Itchen view).
- Total area: 174m2.
- Freehold Structure: Entire four-storey building including the freehold interest in the ground-floor retail shop (sold-off).
- Strategic Location: 174m2 total; centrally located, seconds from the Train Station and major occupiers (Greggs/Subway).
Financials
▪ Target purchase price: £550,000
▪ Purchase costs: £176,260
▪ Total rent income PA: £46,992
▪ Net rental income PA: £19,822
▪ ROCE: 21%
▪ Gross yield: 7%
This is a true 'buy-and-forget' armchair investment; the combination of its immaculate condition and a robust 8% yield provides immediate cash flow with significant long-term capital growth potential.
Title Split Strategy:
Immediate £133,000 Equity Uplift
Acquire this freehold block for £550,000 and unlock a combined retail value of £683,000 through a strategic title split.
The Portfolio Breakdown
FLAT 1 (Ground) | £175,000 – Maisonette with rare private rear garden.
FLAT 2 (1st Floor) | £155,000 – High-spec, turnkey 1-bed apartment.
FLAT 3 (2nd Floor) | £158,000 – Elevated unit with superior natural light.
FLAT 4 (Penthouse) | £195,000 – Large split-level with private river-view balcony.
Total Value: £683,000 | Total Uplift: £133,000 (+24%)
For further information or to invest please contact.
Sourced reference: 346373897952964
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£41,572
ROCE21%
Yield7%
Purchase £ £176,260
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
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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