Sourced Approved Investment

2-Bed BTL - Southborough South East - Apartment

£ 174,000

Added: 17/02/2025

Profit pa£5,060

ROCE9%

Yield8%

Property description

Strategy: Buy to Let

This is a 2-bedroom property sold with a 5-year lease or vacant possession. The lease is £13,500 per year, with annual inflation-linked increases. Service charge: £500 per year.

The financials:
▪ Purchase price: £174,000
▪ GDV: £200,000
▪ Annual profit: £5,060
▪ ROCE: 9%
▪ Yield: 8%

Sourced reference: 489967117851274

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.

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Due diligence

No information supplied.

Sales Agent

Mr Dominic Vanderstay

Kent & Sussex Property Finders

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