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£5,304
ROCE21%
Yield9%
Purchase £ £103,860
Property description
Strategy: Buy to Let
Home Report Valuation Available.
A great opportunity to secure a high yielding, below market value investment in one of Glasgow’s upcoming areas. Cardonald (Glasgow Southwest) is on the rise in terms of capital appreciation yet still offers at present good value for money.
Rental Performance
• Expected rent: £900 pcm / £10,800 pa
• In line with current market rents
• Strong ongoing demand from professional tenants and young families due to the sought after location (right across Bellahouston Park)
Property Overview
This traditional second floor 2-bedroom extends to approx. 63 sq m and provides a unique opportunity to add value after cosmetic upgrading.
The accommodation includes: reception hallway, spacious bay window lounge, modern fitted kitchen, two bright spacious double sized bedrooms and 3-piece bathroom. Additional benefits include double glazing throughout and gas central heating.
Parking: Unrestricted on street parking
EPC Rating: E
Council Tax band: B
Tenure: Freehold (absolute ownership)
Key Financials - Cash purchase and refinance model:
▪ Purchase price: £92,000
▪ GDV: £115,000
• Additional Dwelling Supplement (ADS): £7,360
• Refurb costs: £7,700
• Legals: £1,500
• Sourcing fee: £3,000 + VAT
▪ Annual profit: £5,304
▪ ROCE: 21%
▪ Yield: 9%
▪ Money left in after refinance: £25,310
With a below market value purchase price, strong rental demand and solid projected returns, this property would make an excellent addition to any investment portfolio, particularly for buyers looking for reliable passive income and long term growth.
For further information or to discuss the opportunity in more detail, please get in touch.
Sourced reference: 491971394722464
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£5,304
ROCE21%
Yield9%
Purchase £ £103,860
Sales Agent
Michael Haguinet
August Place Property 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