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£3,675
ROCE153%
Yield7%
Purchase £ £8,450
Property description
Strategy: Buy to Let
An off-market 3-bedroom freehold house in Durham, offering a standout Buy, Refurbish, Rent, Refinance opportunity with significant value-add potential.
The property benefits from a generous 85 sqm internal footprint and a low entry price, creating scope for refurbishment, strong capital uplift, and long-term rental income.
With a projected £135,000 GDV, estimated rent of £800pcm, and only £2,769 projected to remain in the deal after refinance, this is a particularly strong BRRR opportunity for investors looking to recycle capital while retaining a cash-flowing asset.
Key Financials
▪ Purchase price: £45,000
▪ Current value: £55,000
▪ GDV: £135,000
▪ Refurb costs: £38,880
▪ Investment required: £28,689
▪ Money left in after refinance: £2,769
▪ Monthly rent: £800
▪ Monthly profit: £306.25
▪ Annual profit: £3,675
▪ Yield: 7%
▪ ROCE: 153%
A high-performing BRRR opportunity with a low cash-left-in position after refinance and a projected 153% ROCE.
Sourced reference: 439276636526785
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£3,675
ROCE153%
Yield7%
Purchase £ £8,450
Sales Agent
Paul Adeleye
P & E Property
Smart support to move your deal forward
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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