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£4,386
ROCE38%
Yield9%
Purchase £ £7,100
Property description
Strategy: Buy to Let
Property Details
* Freehold mid-terrace house
* 101m2
* Three bedrooms
* EPC Rating: D
* Vacant property
* Mortgagee repossession sale
* Opportunity to add value through refurbishment and modernisation
* Strong comparable evidence supporting a GDV of £95,000 on the same road
Purchase & Refurbishment
* Target purchase price: £55,000
* Purchase costs: £8,900
* Sourcing fee: £3,000
* Legal fees: £1,500
* Insurance: £350
* SDLT: £2,250
* Auction fee: £1,800
* Estimated refurbishment: £19,800
* Total investment required: £21,780
* Estimated GDV: £95,000
Financials
* Estimated rental income: £700 PCM (£8,400 PA)
* Mortgage payment (75% BTL at 5%): £293 PCM
* Monthly net income: £403 PCM
* Annual net income: £5,430 PA
* Gross yield: 9%
* ROCE: 34%
* Estimated GDV: £95,000
* Refinance at 75% LTV: £71,250
* Money left in deal after refinance: £14,340
* Strong BRRR opportunity with low capital remaining in the project following refinance
For further details or to invest please contact.
Sourced reference: 453159413722262
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£4,386
ROCE38%
Yield9%
Purchase £ £7,100
Sales Agent
Sourced Agent
Lendwell Properties Limited
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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