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£18,250
ROCE31%
Yield0%
Purchase £ £106,617
Property description
Strategy: Rent to Rent
Not to be missed! A strong student accommodation investment opportunity in Preston with potential to convert to a high-yielding HMO (STPP).
The figures below are based on current market conditions, local rental comparables and estimated operating costs. These figures are projections only and may change depending on market conditions, financing terms, legislation, tenant demand and final refurbishment requirements. Property investment should always be viewed as a medium to long-term strategy focused on cash flow, equity growth and long-term capital appreciation.
This property offers an excellent opportunity to secure a large terraced property in a strong rental location, with the potential to increase value through a professional HMO or student accommodation strategy.
Key Property Details
• 5 bed terraced house – Preston
• 111m2
• Freehold
• Vacant possession
• Immaculate condition
• In good internal order throughout
• EPC C
• Suitable for student accommodation strategy
• Possibility to convert to HMO (STPP)
• Strong local tenant demand
• Close to amenities, transport links and university catchment areas
Key Financials
Example mortgage: 75% LTV, 5% interest-only
• Target purchase price: £170,000
• Purchase costs: £20,250
• Includes sourcing fee: £4,000
• Legal costs: £1,500
• Insurance: £350
• SDLT: £9,400
• Total investment required: £106,617
• Gross monthly rent: £2,500 PCM
• Gross annual rent: £30,000 PA
• Management fees: 10% (£220 PCM)
• Monthly NET income: £1,521 PCM
• Annual NET income: £18,250
• Gross yield: 12%
• ROCE: 31%
Please note that commercial valuations are dependent on lender criteria, planning, licensing, final room configuration, tenancy structure and achieved rental income.
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: 549466185952518
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£18,250
ROCE31%
Yield0%
Purchase £ £106,617
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
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