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£155,000
Profit£12,575
ROCE9%
Purchase £ £8,125
Property description
Strategy: Buy to Sell
North Shields 3-Bed BTS Opportunity
39, Angus Crescent, North Shields, NE29 6UF
- Approx 21% Discount
- 3-bed terrace
- Leasehold – 971 years remaining
- Standard Construction
- Buy-to-Sell Strategy
Investment Figures:
▪ Purchase price: £122,500
▪ GDV: £155,000
▪ Refurb costs: £8,000
▪ Purchase costs: £8,125
▪ Profit once sold: £12,575
▪ ROCE: 9%
▪ Sourcing fee: £3,000
▪ Total investment required: £142,425
Vendor / Deal Highlights:
• 21% below target end value
• Leasehold with 971 years remaining
• Ground floor porch, spacious living room, and modern kitchen-diner
• Three comfortable bedrooms upstairs
• Well-appointed house bathroom
• Dedicated rear parking space
• Attractive rear garden
• Sought-after NE29 postcode location
• Excellent connectivity to Newcastle and surrounding areas
Accommodation:
Ground Floor:
• Porch Entry
• Living Room
• Kitchen-Diner
• Rear Garden Access
First Floor:
• 3 Bedrooms
• House Bathroom
Recent Sold Comparables (within approx. 0.5 miles):
• Forth View, North Shields NE29 – 3-bed terrace – Sold for £150,000 (Zoopla Sold Prices, last 6 months)
• Howard Street, North Shields NE29 – 3-bed terrace – Sold for £157,500 (Rightmove Sold Prices, last 6 months)
• Monkseaton Road, North Shields NE29 – 3-bed terrace – Sold for £152,000 (Zoopla Sold Prices, last 6 months)
Additional Benefits:
• Rear parking space for tenants
• Low-maintenance garden
• Excellent local amenities and transport links
• Close proximity to Newcastle city centre (20-minute drive)
• Ideal for families or professional sharers
An outstanding buy-to-let opportunity in the popular North Shields area. This 3-bedroom terrace offers a compelling investment strategy with a projected ROCE of 9% and a 21% discount to the target end value. With long lease security, dedicated parking, attractive garden, and excellent connectivity to Newcastle and surrounding areas, the property is highly appealing for both investors and quality tenants.
Serious enquiries only.
Sourced reference: 493191152699717
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
GDV£155,000
Profit£12,575
ROCE9%
Purchase £ £8,125
Sales Agent
Jon Solitro
Jon Sol 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