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£3,000
ROCE19%
Yield11%
Purchase £ £15,800
Property description
Strategy: Buy to Let
Ready Let BTL in North East 11% gross yield.
We ran the figures at £39,999 as £1 more would cost £2,000 in stamp duty! — this is a fantastic price for this area, 2‑bed terraces usually appear listed at £55,000-£60,000. The property is currently let at £375 pcm, which is slightly low on current market rates but that is more than compensated for by the sensible asking price. Rental is £4,500 pa immediately with future uplifts this is a very sensible investment.
As a special case for this property a £5000.00 deposit is required to remove it from the market along with a £600 admin fee. The deposit goes towards the cost of the property, the admin fee has been calculated into the figures as it does not form part of the property price.
FINANCIALS
Purchase Price: £39,999
Income: £375 / £4,500
Profit: £250 / £3,000
Investment Required : £15,800 with 75% LTV
ROCE: 19%
Gross Yield: 11%
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.
For further information, get in touch.
Sourced reference: 452289788836823
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£3,000
ROCE19%
Yield11%
Purchase £ £15,800
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