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
GDV£650,000
Profit£0
ROCE89%
Purchase £ £TBC
Property description
Strategy: Unreg Property Loans
Flip Deal Sedgley, 20% Return PCA
Experienced in development projects, sourced partner David McDermott is seeking to complete a refurbishment-led flip. With years of contracting experience and an established in-house team of skilled trades, David and his team aim to refurbish the property to a high standard and sell on to an end-user family, providing a clear and secure exit strategy.
The property is a 3-bedroom detached home located on a highly sought-after road in Sedgley. While currently requiring cosmetic refurbishment throughout. The proposal includes reconfiguring the ground floor to create a more open-plan living space, adding an additional bedroom at first floor level, and incorporating an en-suite to the master bedroom. Finishes will be of a high specification throughout, with both front and rear gardens fully landscaped to create a premium outdoor space.
Investment Financials
▪ Required Investment: £140,000
▪ Return: 20% PCA
▪ Security: Second charge, with repayment upon sale.
▪ Minimun investment: £50,000
▪ Expected term: 12 Months
Property Financials
▪ Purchase price: £350,000
▪ Refurb costs: £100,000
▪ GDV: £650,000
▪ Profit: 22%
For further information or to invest, please contact david.mcdermott@sourced.co
Sourced reference: 454966834318231
Due diligence
No information supplied.
Location
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
GDV£650,000
Profit£0
ROCE89%
Purchase £ £TBC
Sales Agent
David McDermott
McDermott Developments & Co
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