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£8,712
ROCE20%
Yield10%
Purchase £ £43,200
Property description
Strategy: HMO
A great opportunity to purchase a tenanted HMO producing a healthy yield.
Originally a three bedroom terraced house, the property has been reconfigured and extended with a loft conversion to provide five lettable bedrooms arranged across the ground, first and second floors. Externally, the property benefits from a small front forecourt, enclosed rear yard and on street parking.
Financials:
▪ Purchase price: £130,000
▪ Annual profit: £8,712
▪ ROCE: 20%
▪ Yield: 10%
▪ Annual rent: £12,612
The property is well positioned for access to Sunderland city centre, local shops, amenities and transport links, making it a popular location for supported and professional accommodation. The surrounding area has a strong demand for rental housing and offers convenient access to local services, schools and commuter routes throughout the city and wider North East region.
Please contact for further information.
Sourced reference: 451595587152681
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£8,712
ROCE20%
Yield10%
Purchase £ £43,200
Sales Agent
Ben Fuller
Oakwood Property Partners 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