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£4,200
ROCE16%
Yield13%
Purchase £ £4,597
Property description
Strategy: Buy to Let
13% Yield BRRR in the North East
Prices are creeping up in this area, this ones a chance to add your own value. Needs a bit of tlc to become fully tenant ready, we have allowed a generous £7,500 for work towards the kitchen and bathroom, redecoration and floor coverings. Anticipated rent £500pcm.
FINANCIALS
Purchase Price: £47,950
Refurbishments: £7,500
Investment Required : £27,085 with 75% LTV
Income: £500.pcm / £6000p/a
Profit: £350.pcm / £4,200p/a
ROCE: 16%
Gross Yield: 13%
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.
Sourced reference: 589568562868782
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£4,200
ROCE16%
Yield13%
Purchase £ £4,597
Sales Agent
Ben Barton
Kimber Le Prevost 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