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£5,700
ROCE22%
Yield9%
Purchase £ £37,400
Property description
Strategy: Buy to Let
Off-Market, Turnkey 1-Bed with solid yield in desirable location by the sea:
Regeneration Funding: The borough is benefiting from a £20 million Levelling Up Partnership alongside ongoing Town Deal investment. This cash injection specifically targets the seafront economy, housing, and local high streets rather than just standard tourist spots.
High Demand: St Leonards has established a highly desirable, trendy, and artistic reputation. It acts as a major hub for independent cafes, galleries, and boutique shops, continuing to attract creatives.
Strong Rental Demand: The local rental market is resilient. Average rents across the borough rose to over £1,000 per month, offering healthy potential yields.
Excellent Commuter Links: The flat will be within walking distance of either St Leonards Warrior Square or West St Leonards stations, both of which offer direct train links into London Charing Cross and London Victoria.
Leasehold
Available at 20% Below Market Value
Vacant/chain free
Refurbishment Costs: £0
Investment potential to rent: £850 pcm
Service Charge: £153 pcm
Estimated Mortgage: £375 pcm
Gross Profit: £475 pcm / £5,700 pa
Money Left In After Refinancing: £26,150
Sourcing Fee: £4000 (Fee included in refinancing figure)
ROCE: 22%
Yield: 9%
Sourced reference: 454856218978282
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£5,700
ROCE22%
Yield9%
Purchase £ £37,400
Sales Agent
Jason Neil
12 Advance LTD
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