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£5,700
ROCE69%
Yield11%
Purchase £ £8,000
Property description
Strategy: Buy to Let
25% BMV Deal in Stanley
The property requires a light cosmetic refurbishment and presents an excellent opportunity to secure a high-yield investment, offering approximately 11% annual returns. The apartment features two bedrooms and a total area of 64 sqm.
With a high yield income, and a good trajectory for high capital growth, this property is a great opportunity for investors.
Financials:
▪ Purchase price: £39,950
▪ Market value: £50,000
▪ Purchase costs: £12,000 (Includes £4,000 Sourcing Fee)
▪ Refurb costs: £15,000
▪ GDV: £75,000
▪ Annual rent: £8,400
▪ Yield: 11%
▪ ROCE: 69%
Location:
1.5 miles - Stanley City Centre
6.4 miles - Dunston
0.1 miles - NW-bound - Library Terrace - NW
0.3 miles - Tesco Stanley Superstore
0.2 miles - Stanley Medical Group - Front Street
3.5 miles - Shotley Bridge Hospital
8.1 miles - University of Durham
0.2 miles - Greencroft Business and Enterprise
For further information or to invest, please contact.
Sourced reference: 552456527689326
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£5,700
ROCE69%
Yield11%
Purchase £ £8,000
Sales Agent
David McDermott
McDermott Developments & Co
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