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£5,050
ROCE17%
Yield9%
Purchase £ £12,800
Property description
Strategy: Buy to Let
A 2-bedroom leasehold apartment in Southend-on-Sea, offering investors a straightforward value-add opportunity with strong rental demand and the potential to recycle capital through refinancing.
The property is in good, lettable condition . Its generous rooms, communal car park and allocated parking space give it strong marketability.
The property is projected to achieve a £160,000 GDV on refinance and generate positive monthly cashflow, making it suitable for investors seeking a turnkey BTL opportunity.
Key Financials
▪ Purchase price: £130,000
▪ GDV: £160,000
▪ Money left in after refinance: £29,925
▪ Monthly rent: £1,150
▪ Monthly profit: £420
▪ Annual profit: £5,050
▪ Gross yield: 9%
▪ ROCE: 17%
A solid BTL opportunity combining attractive rental income and a low amount of capital left in the deal.
Sourced reference: 466485268633759
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£5,050
ROCE17%
Yield9%
Purchase £ £12,800
Sales Agent
Paul Adeleye
P & E Property
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