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£3,825
ROCE29%
Yield6%
Purchase £ £10,850
Property description
Strategy: Buy to Let
Below Market Value Victorian Terrace | 3-Bed Value-Add Potential | £170k–£190k GDV | 29% ROCE
Property Details
• 2-bedroom end-of-terrace Victorian house
• Opportunity to reconfigure into a 3-bedroom property, increasing both rental income and GDV
• Approx. 84 m² (904 sq ft) internal floor area
• Standard brick construction
• 2 bathrooms
• EPC D, with a realistic route to C through cost-effective modernisation
• Freehold
• Excellent value-add Buy-to-Let refurbishment opportunity
• Gas central heating and double glazing
• Large rear garden with potential to enhance outdoor space
• Located close to Kettering town centre, train station, hospital and local amenities
• Ideal BRR (Buy, Refurbish, Refinance) or long-term income investment
Financials
• Target purchase price: £110,000
• Purchase costs: £10,850, including: SDLT: £5,500, legal fees: £2,000, sourcing fee: £3,000, insurance: £350
• Estimated refurbishment/conversion costs: £19,500
• Total project cost: £140,350
• Interest-only mortgage (5%): £531 pcm (£6,375 pa)
• Net cash flow: £318 pcm (£3,816 pa)
• Gross yield: 6.0%
• ROCE: 29%
• Estimated GDV after refurbishment: £170,000–£190,000, with potential for a higher valuation if successfully reconfigured into a compliant 3-bedroom home
• Estimated equity left in after refinance: £13,150
For further details or to invest please contact.
Sourced reference: 576482182383858
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£3,825
ROCE29%
Yield6%
Purchase £ £10,850
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