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£4,050
ROCE24%
Yield7%
Purchase £ £10,200
Property description
Strategy: Buy to Let
A 2-bedroom freehold house in Lancashire offering a solid Buy, Refurbish, Rent, Refinance opportunity with value-add potential.
The property extends to approximately 66 sqm and provides a straightforward refurbishment opportunity to improve rental appeal, uplift the value, and retain as a long-term rental asset.
With a projected £135,000 GDV and 24% ROCE, this deal is well suited to investors looking for a manageable BRRR project with positive monthly cashflow after refinance.
Key Financials
▪ Purchase price: £80,000
▪ Current value: £90,000
▪ GDV: £135,000
▪ Refurb costs: £18,960
▪ Money left in after refinance: £17,926
▪ Monthly rent: £800
▪ Monthly profit: £337.50
▪ Annual profit: £4,050
▪ Yield: 7%
▪ ROCE: 24%
A strong entry-level BRRR opportunity with scope to add value, refinance, and retain a cash-flowing rental property.
Sourced reference: 582315591739246
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£4,050
ROCE24%
Yield7%
Purchase £ £10,200
Sales Agent
Paul Adeleye
P & E Property
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