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£16,200
ROCE20%
Yield6%
Purchase £ £154,663
Property description
Strategy: Buy to Let
BRRR in Feltham: Heathrow SA Potential
This is a vacant 3-bedroom, semi-detached house in need of cosmetic upgrading, offered BMV and direct to vendor. Price agreed for a quick completion.
Close to Heathrow and transport links to central London.
Figures based on 75% BTL and standard letting. However, could be suitable for higher yielding alternatives such as SA due to proximity to Heathrow, (cheapest 3 bed homes on Air BnB around the location is £155 per night, some are much more). It could be converted to 2 x 1-bedroom apartments STP.
The financials:
▪ Purchase price: £380,000
▪ Refurb costs: £20,000
▪ GDV: £480,000
▪ Annual profit: £16,200
▪ ROCE: 20% (based on assumptions mentioned above)
▪ Yield: 6% (gross as standard BTL @ £2,250 pcm)
▪ Sourcing fee: £5,000
Sourced reference: 534553781829795
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
Profit pa£16,200
ROCE20%
Yield6%
Purchase £ £154,663
Sales Agent
Rick Kerfoot
SRK Property Ltd
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