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£1,350,000
Profit£159,430
ROCE47%
Purchase £ £21,350
Property description
Strategy: Conversion
Conversion of Old Pub to 3 Residential Properties in Hoddesdon, Hertfordshire
Approximate net profit of £159,430 with potential to earn more with further site development possibilities (stpp).
An exceptional development opportunity on the site of a former Pub, which is now no longer in use, situated on Lord Street which is within walking distance of Hoddesdon Town Centre. Planning permission has already been granted for the conversion of the existing building into three beautifully designed residential homes. Much of the preliminary work on this conversion is already in place.
Another great aspect of the site is the additional land located to both sides of the main building. These generous plots provide strong potential for further development, subject to the necessary planning consents, and represent a significant opportunity to enhance both the scale and value of the project over time.
Although the property is currently vacant, the first floor has already been refurbished and is ready for occupation. This creates the possibility of generating a short-term residential rental income while progressing the wider redevelopment of the site.
Overall, this is a rare chance to acquire a highly versatile development site in a convenient and well-connected location, combining immediate income potential with longer-term potential for additional development / income generation.
Key financials:
▪ Purchase price: £830,000
▪ GDV: £1,350,000
▪ Purchase costs: 21,350
▪ Refurb costs: £237,500
▪ Profit once sold: £159,430
▪ ROCE: 47%
▪ Sourcing fee: £16,600
▪ Investment required:
Please get in touch for further information.
Sourced reference: 495545946723458
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£1,350,000
Profit£159,430
ROCE47%
Purchase £ £21,350
Sales Agent
Andrew Idiabana
Andrew Diamond Investments Limited
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