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£9,375
ROCE18%
Yield10%
Purchase £ £9,350
Property description
Strategy: Buy to Let
End Terrace BTL Converted to 2 x 1-Bed Apartments in Cheshire
Strategy: Buy to Let, SA
Tenanted block providing 10% gross yield.
Key property details:
- Large House Split into 2 Self contained flats.
- Freehold
- 41sqm
- EPC Each flat D,E
- Council tax band A
- Tenanted
- No chain
This end terraced house is currently set up as 2 self contained flats, situated on Middlewich Road being very conveniently placed for Local Shops, Schools, Public Transport, and other Local Amenities. The accommodation comprises two 1 Bedroom Flats which are currently let out at £650pcm and £600pcm to generate £15000 income pa. This is almost twice what a single house buy to let in the same area could generate and also it has the benefit of two income streams, one from each flat!
The financials:
▪ Purchase price: £150,000
▪ Annual profit: £9,375
▪ ROCE: 18%
▪ Yield: 10%
▪ Deposit: £37,500
▪ Stamp duty: £7,500
▪ Sourcing fee: £4000 + VAT
▪ Legal fees estimate: £1,000
▪ Survey estimate: £500
▪ Insurance estimate: £350.
▪ Total: £50,850
Representing an all money out in approx. 5 years!
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
Sourced reference: 437817215198585
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£9,375
ROCE18%
Yield10%
Purchase £ £9,350
Sales Agent
Ben Barton
Kimber Le Prevost Limited
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