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
GDV£350,000
Profit£97,150
ROCE81%
Purchase £ £9,600
Property description
Strategy: Unreg Property Loans
Unregulated Loan Agreement
Project Overview
The project is a renovation project of a 3-bedroom mid-terrace property in Cheltenham. The property is currently in need of a full renovation throughout.
Project Financials
▪ Property purchase price: £130,000
▪ Development costs: £113,250
▪ Upfront costs: £50,000
▪ GDV: £350,000
I have a background in financial advice and will take a lead on the project financials.
James Kelly has a background in financial advice and will lead the project financials. His son, Matthew, will project manage the development. With 8-9 years’ experience in construction, including roles as a project manager and planner, Matthew has delivered projects ranging from £10,000s to circa £60 million. His experience spans civils, mechanical and electrical, and large external façade and fit-out schemes, alongside managing commercial aspects and building extensive industry contacts.
Investment Terms
▪ Total investment: £85,000
▪ Term: 18months
▪ Interest: 15%
▪ Security: 2nd charge on development
▪ Exit and Repayment Plan: Advertise on open market with local estate agent. As well as advertising wihtin the Sourced network.
Sourced reference: 438532267338383
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
GDV£350,000
Profit£97,150
ROCE81%
Purchase £ £9,600
Sales Agent
James Kelly
Sourced
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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