“Co Durham Guaranteed Rent - Supported Housing BTL – Ref 36”

Sourced is excited to introduce this exceptional deal in Co Durham. This two-bedroom freehold house generates an impressive £3,660 per annum, and no refurbishment is required, at only a £56,000 purchase price.

Investors can enjoy a hands-off approach to their investment with no voids or maintenance costs, this property comes with a long-term 5-year lease with a supported housing charity at only 5% management, ensuring hassle-free management and guaranteed rent.

The property is in good condition. Charity lined up, they have completed their checks and are ready to go - cashflow from day 1.

Why the North East? With more investors turning northward, we're excited to share the outstanding opportunities in the North East. Our strategies thrive here thanks to affordable property prices, trusted processes, and yields of over 10% on high-quality stock.

Additional Services:
Here's what our team can do for you:
• Sourcing Below-Market-Value Properties
• Comprehensive Refurbishment Supervision - including cost breakdown, arranging quotes, and overseeing work
• End-to-End Property Letting & Management Services
• Refinancing Support
• Arranging End Users and Tenants
• Coordinating Surveys and Valuations for Refinancing Handling All Property Sales and Lettings Needs
• Full Refurb Support, including lockbox installation, key cutting, and managing contractors

We have everything covered for you:
Finance /Bridging /Mortgages /Legals /Insurance /Builders /Interiors /Planning & design

The Financials: (Excluding maintenance and management)
▪ Purchase price: £56,000
▪ Annual profit: £3,660
▪ ROCE: 17% (based on 56k end value, this will increase on re-finance at a later stage)
▪ Gross yield: 12%

▪ Sourcing fee: £3,750 Plus VAT
▪ Annual rent: £6,600
▪ Money left in: £22,050

Deal 6 - Ref 36

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.