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£4,490
ROCE12%
Yield10%
Purchase £ £8,850
Property description
Strategy: Buy to Let
Vacant BTL in County Durham, DL4 - 10% Yield
Freehold | 2 Bedrooms | 2 Bathrooms | Mid-Terrace
An opportunity to acquire a competitively priced freehold buy-to-let property in Shildon, County Durham. The property is currently vacant previously achieved £450 PCM, with current market evidence supporting approximately £495 PCM. This investment is suitable for landlord buyers seeking strong yield, value-add potential and low entry price point.
Key financial details:
▪ Purchase price: £52,000
▪ GDV: £60,000
▪ Refurb costs: £2,200 (with contingency)
▪ Annual profit: £4,490
▪ ROCE: 12%
▪ Gross yield: 10%
▪ Estimated BMV: 10% or £6000
▪ Current market rent: £495
▪ Annual rent: £5940
▪ Gross monthly profit: £374.22
Property Details
- 2-bedroom mid-terrace
- 2 bathrooms
- Gas central heating
- Council Tax Band A
- Freehold tenure
- Selective Licence required (Durham Council)
- Selective Licence currently held until 31/03/2027
Condition & Works Identified
- Mould Treatment to Lounge Wall
- Kitchen Flooring adjustment/ replacement required
- Bathroom light switch repair
- Recycling bin provision
For more information on this deal please get in-touch.
Sourced offer a comprehensive property wealth building package in one place;
1: Sourced Investment Agents - Sourcing investment opportunities for you,
2: Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
3: Sourced Finance - Access specialist property lending and mortgages, created for investors.
4: Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
Sourced reference: 581314713115263
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£4,490
ROCE12%
Yield10%
Purchase £ £8,850
Sales Agent
Matthew Matthews
Lean Property Ltd / Triple M Real Estate / Sourced Living Burton & South Derbyshire
Smart support to move your deal forward
Review the numbers
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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