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£18,555
ROCE1,000%
Yield10%
Purchase £ £23,150
Property description
Strategy: HMO
Not to be missed! A high cash-flow HMO opportunity in Bradford with strong commercial valuation upside and significant refinance potential.
The figures below are based on conservative rental assumptions and current commercial HMO market conditions. All costs have been included to reflect a realistic investment position. This opportunity offers immediate cash flow, strong equity uplift and long-term rental demand due to its proximity to Bradford town centre, hospital and surrounding amenities.
The commercial valuation estimate has been based on conservative rental income assumptions of £450 PCM per room, with further potential to increase rents through future ensuite additions to selected larger rooms.
Property Description
• 10 bed end of terrace HMO – Bradford
• 331m2
• Freehold
• Recently refurbished throughout
• Three bathrooms & additional W.C
• All rooms are doubles
• Potential to add ensuites to larger rooms to maximise future rental income
• Close to Bradford town centre and hospital
• Strong professional and supported living rental demand
• Two separate entrances with potential future reconfiguration options
• Fire doors, new boilers, new electrics and refurbishment works already completed
• Suitable for high cash-flow HMO strategy
• Commercial valuation estimated between £540k–£600k based on conservative rental income assumptions
• Significant refinance and capital recycling potential
Unit Breakdown
• Room 1 – Double room
• Room 2 – Double room
• Room 3 – Double room
• Room 4 – Double room
• Room 5 – Double room
• Room 6 – Double room
• Room 7 – Double room
• Room 8 – Double room
• Room 9 – Double room
• Room 10 – Double room
HMO Planning & Licence Position
The property is located outside of an Article 4 area, meaning a smaller HMO configuration may benefit from permitted development rights, subject to buyer verification. A mandatory HMO licence will still be required for occupation of 5 or more tenants.
The current layout, room sizes and overall footprint present strong potential for future Sui Generis planning application to maximise occupancy levels and commercial valuation. The property may suit a phased strategy whereby the asset is initially operated as a compliant smaller HMO before applying for increased occupancy and commercial optimisation.
Key Financials
Example commercial mortgage: 75% LTV, 5% interest-only
• Target purchase price: £375,000
• Purchase costs: £23,150
• Includes £8,000 sourcing fee
• Includes legal, licence and compliance costs of £3,000
• Includes insurance of £350
• Includes SDLT of £27,000
• Total investment required: £137,187
• Gross monthly rent: £4,500
• Gross annual rent: £54,000
• Mortgage payments: approx. £1,688 PCM
• Management fees: 10% (£450 PCM)
• Monthly NET income: approx. £3,572
• Annual NET income: £42,875
• Gross yield: 10%
• ROCE: Infinite as potential all money out
• Gross rent mortgage coverage: 257%
• Net rent mortgage coverage: 97%
Commercial Valuation & Exit
• Valuation based on conservative rental assumptions
• Strong refinance potential on stabilised asset
• Opportunity to recycle majority of initial capital investment
• Potential future uplift through ensuite additions and rental optimisation
• Suitable long-term high cash-flow hold strategy
Complete Investment Support Package
With Sourced, you have access to a complete property investment support package in one place.
This includes:
• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Renovation support – experienced refurbishment team ready to assist with works where needed
For further details or to invest, please contact us.
Sourced reference: 536735866523573
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£18,555
ROCE1,000%
Yield10%
Purchase £ £23,150
Sales Agent
Sourced Agent
Lendwell Properties 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