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
GDV£210,000
Profit£30,396
ROCE33%
Purchase £ £10,600
Property description
Strategy: Buy to Sell
4-Bed Flip in Bishop Auckland
We are delighted to present this wonderful four-bedroom investment property located in Bishop Auckland.
Why Invest in Bishop Auckland?
Bishop Auckland continues to demonstrate a strong long-term growth trajectory, supported by an expanding local economy, significant population growth, and substantial infrastructure development. The area has seen steady capital appreciation, making it an attractive option for property investors.
The property is situated just a short distance from the town centre, approximately 1.8 miles from Tindale Retail Park, which offers a wide range of amenities including supermarkets, food outlets, cafés, and popular high-street retail stores. The area also benefits from both primary and secondary schools, as well as an extensive public transport network, providing regular access to neighbouring towns and villages, and further afield to Darlington, Durham, and Newcastle. The A689 is nearby and offers convenient connections to the A1(M) north and south.
Property Description
In brief, the property comprises: an entrance porch with a traditional stained-glass door leading to the entrance hallway, living room, dining room, kitchen, and utility room. The first floor accommodates four bedrooms, a bathroom, and a WC. Externally, there is a courtyard to the front, and a spacious rear yard providing off-street parking via double gates.
Refurbishment Requirements
- The property requires full refurbishment and modernisation throughout. This includes:
- Installation of a new kitchen and bathroom
- Refurbishment of all four bedrooms
- Modernisation of the rear yard
Once refurbished, the property has strong potential to achieve maximum profitability, making it a highly appealing investment opportunity.
Who Is This Deal For?
This property is ideal for:
- First-time investors looking to take their first step into property investment
- Experienced landlords or developers seeking a project with strong and secure profit potential
- Given the area’s growth and the property’s potential return, this is a highly desirable opportunity in today’s market.
The financials:
▪ Purchase price: £110,000
▪ GDV: £210,000
▪ Refurb costs: £45,000
▪ Purchase costs: £10,600
▪ Profit once sold: £30,396
▪ ROCE: 33%
▪ Total investment required: £91,604
Sourced reference: 587964297374187
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
GDV£210,000
Profit£30,396
ROCE33%
Purchase £ £10,600
Sales Agent
Kamran Habib
SE 100-114 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