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£4,988
ROCE623%
Yield10%
Purchase £ £4,050
Property description
Strategy: Buy to Let
A traditional style terraced property located in a residential area of North Ormesby.
It also features:
- 3 bedrooms
- 2 bathrooms
- 1000sq ft
- Long term reliable tenants who are happy to stay - working
- Off Market - no chain
- Freehold
- Superb location - close to primary schools, shops, parks - Middlesborough station is 1.7 miles away
The financials:
▪ Purchase price: £49,000
▪ GDV: £75,000
▪ Annual profit: £4,988
▪ ROCE: 623%
▪ Gross yield: 10%
▪ Refurb - Not needed as tenants want to stay
▪ Gross rental income potential: £650 PCM
▪ Gross rental income: £7,800 PA
Sourced reference: 429752845485262
Due diligence
please do you own due diligence
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£4,988
ROCE623%
Yield10%
Purchase £ £4,050
Sales Agent
Imogen Ridley
Sourced Franchise
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