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£8,318
ROCE49%
Yield19%
Purchase £ £58,098
Property description
Strategy: HMO
Deal 77 - BRRR to HMO: Hartlepool
3-Bed Terraced Conversion Into 4-Bed HMO
Key Investment Highlights:
▪ Purchase price: £39,999
▪ GDV: £95,000
▪ Refurb costs: £36,400
▪ Estimated monthly rent: £693.13
▪ Estimated yearly net profit: £8,318
▪ ROCE: 49%
▪ Gross yield: 19%
Our All-Inclusive Service:
- Property Sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant Placement: We find reliable tenants and manage the tenancy process.
- Property Management: We provide comprehensive property management services, including rent collection and maintenance.
Sourced reference: 591787933779782
Due diligence
Hartlepool is part of the Tees Valley Combined Authority, which has secured significant government funding for regeneration projects, including infrastructure, housing, and business development.
The Hartlepool Vision aims to transform the town into a thriving hub for business, tourism, and community living.
Hartlepool has a growing demand for affordable rental properties, driven by a mix of students, young professionals, and families.
The town’s low property prices and high demand make it an ideal location for buy-to-let investments.
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
Profit pa£8,318
ROCE49%
Yield19%
Purchase £ £58,098
Sales Agent
Keeshan Pillay
KLAP Property Group Ltd
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