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£4,665
ROCE36%
Yield7%
Purchase £ £28,500
Property description
Strategy: Buy to Let
Looking for an investment that provides income from day one with the flexibility to maximise your returns? This tenement house in Sutton-in-Ashfield offers exactly that.
The property is ready let with no refurbishment required, allowing you to generate an annual profit of £2,580 straight away. Alternatively, invest approximately £20,000 in a modernisation programme, including a new kitchen and bathroom, to unlock a significantly higher return.
Following refurbishment, the property is expected to achieve a GDV of £130,000, giving you two excellent exit strategies: sell for a projected profit of around £19,000, or refinance, leaving just £13,000 in the deal while generating a strong long-term rental income.
Key Figures
Purchase Price: £80,000
Current Value: £80,000
Investment Required: £30,500 (includes deposit, purchase costs, refurbishment and sourcing fee)
Optional Modernisation: £20,000 (new kitchen & bathroom)
GDV After Refurbishment: £130,000
Estimated Flip Profit: Approx. £19,000
Money Left in the Deal After Refinance: £13,000
ROCE: 36%
Gross Yield: 7%
Rental Income: £795 pcm (£9,540 per annum)
Net Annual Profit After Refinance: £4,665
Two Investment Strategies
Option 1 – Buy & Hold
No immediate works required.
Start generating income from day one.
Current annual profit: £2,580.
Option 2 – Refurbish & Maximise Returns
Invest £20,000 in a cosmetic refurbishment.
Increase the property's value to an estimated £130,000.
Sell for an estimated £19,000 profit, or
Refinance, leaving just £13,000 in the deal while achieving £4,665 net annual profit.
Sourced reference: 378458817511234
Due diligence
No information supplied.
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£4,665
ROCE36%
Yield7%
Purchase £ £28,500
Sales Agent
Ben Kirby
Ben Kirby / Kirby Estates Sourcing
Smart support to move your deal forward
Review the numbers
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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