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£700,000
Profit£111,318
ROCE87%
Purchase £ £8,750
Property description
Strategy: Development
£110,000 + Net Profit Single Unit Development Project in Hertfordshire.
For sale by Public Auction on 22nd April 2026 at 09:30am.
3 x single storey lock-up, 3 garages situated on a plot of land measuring approximately 252 sqm. Offered with planning permission for the erection of a four bedroom house of approx. 130sqm.
The land and garages are situated on a residential road close to local shops and amenities. The open spaces of Oakmere are within easy reach. Transport links are provided by High Barnet underground station (Northern line), Brookmans Park rail station and the M25.
Local comparables for detached properties in the local area reach above £800,000 for good condition. The provided £700,000 GDV for this project is massively conservative, alongside with the building costs of approx. £2,300sqm for a new build development.
Financials:
▪ Purchase price: £200,000
▪ Purchase costs: £8,750
▪ Refurb costs: £286,000
▪ GDV: £700,000
▪ Profit once sold: £111,318
▪ ROCE (%): 87%
▪ Sourcing fee: £4,000
▪ Investment required: £127,582
For further information, please get in touch.
Sourced reference: 456182123397532
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£700,000
Profit£111,318
ROCE87%
Purchase £ £8,750
Sales Agent
Andrew Idiabana
Andrew Diamond Investments Limited
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