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£10,420,000
Profit£2,392,000
ROCE111%
Purchase £ £635,000
Property description
Strategy: Unreg Property Loans
Unregulated Loan Agreement Project
Project Overview
- Acquisition of Rose House, a 200-bed PBSA (Purpose-Built Student Accommodation) in Leicester.
- Property: 41 self-contained student apartments (clusters of 2–5 beds).
- Location: 4-minute walk from De Montfort University, 20 minutes to University of Leiceister university
Financials
▪ Purchase price: £4,250,000
▪ Refurb costs: £1,500,000 (£7,500 per bed)
▪ GDV:** £10,420,000
▪ Net income: £925,000
▪ Senior debt LTGDV: ~52%
▪ Equity required: ~£1,200,000
Funding & Structure
- Proposed financing includes senior debt, refurbishment loan, and professional fees loan.
- Security package suggested: personal guarantees, second charges, debenture, pledge of shares.
- Fixed-income structure.
Timeline
- Refurbishment programme: 6 months, aiming for completion before the 2026/27 academic year.
- Term: 12 months (minimum 6 months).
- Drawdown: January 2026 → Exit: January 2027.
Exit Strategy
- Sell pods individually to investors at ~£50k/bed with 8% rent guarantee.
- Alternative: refinance onto a term loan to hold and stabilise.
Developer & Track Record
- Developer: Citihaus, partnered with Factory Estates.
- Strong track record in residential developments, including projects with Salboy Ltd.
- Management companies lined up: *Student Homes For You* and *Amber Student*.
Market Context
- Neighboring PBSA (York House, run by Amber Students) refurbished 5 years ago, consistently full.
- Demand for affordable, well-located student accommodation in Leicester remains strong.
Security
- Mixed levels of security, subject to amount invested. Please contact for further details.
Sourced reference: 482343126598237
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£10,420,000
Profit£2,392,000
ROCE111%
Purchase £ £635,000
Sales Agent
David Allison
EDUHOME
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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