Sourced Approved Investment

BMV - No Legals or SDLT London - Apartment

£ 150,000

Added: 27/01/2025

Profit pa£22,200

ROCE22%

Yield12%

Property description

Strategy: Buy to Let

This property requires an offer of £150,000 and is ready to complete next week, with legal work finalized for completion on 29th January.

- RICS value £210,000 in current condition.
- NO LEGAL FEES
- NO SDLT to pay (exempt)
- 2 bed flat
- Short Lease 39 years remaining
- 60k to extend lease
- GR 50p/a
- SC 200 per quarter

The financials:
▪ Purchase price: £150,000
▪ GDV: £210,000
▪ Annual profit: £22,200
▪ ROCE: 22%
▪ Yield: 12%
▪ Rental income could achieve £2,025 pcm

Sourced reference: 371887116236969

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.

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Due diligence

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Sales Agent

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