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£3,630
ROCE20%
Yield10%
Purchase £ £4,125
Property description
Strategy: Buy to Let
Fully refurbished 1-bedroom BTL in Sunderland with a scope for an extra bedroom to be added STPP. Property will be tenanted for a full turn key investment. GDV and rental price of property to increase upon successful Planning Permission and integration of changes.
Property Details
- The property is freehold.
- The property briefly comprises of entrance to Lounge, kitchen & bathroom and 1 bedroom.
- EPC Rating D - Rate C is achievable.
- Please note that some of the pictures used are examples of how the rooms will look following refurbishment.
- The property will undergo the following work during the refurbishment (all included in the price of the property): Boiler Service, Electrical Upgrade and Certificate, Roof Repair, 4 x New Double Glazing Units, New Kitchen, New Bathroom, Redecoration and New Carpets throughout.
The financials:
▪ Purchase price: £68,500
▪ GDV: £75,000
▪ Annual profit: £3,630
▪ ROCE: 20%
▪ Yield: 10%
▪ Rent: £600 pcm
▪ Annual rent: £7,200
No refurbishment costs. Low ingoing costs. £1,000 deposit secures the property
Sourced reference: 464841798125548
Due diligence
Sunderland is a great area for rental properties and for first time buyers.
Selective License not required.
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
Profit pa£3,630
ROCE20%
Yield10%
Purchase £ £4,125
Sales Agent
Steve Moyse
Meadow View (Norwich) Ltd
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