“Pair of Flats - 1 Supported Housing and 1 Private”

Sourced is excited to introduce this exceptional deal in Sunderland, a pair of freehold flats generating an impressive £12,150 per annum with no refurbishment required at only £125,000 purchase price, below market value of £145,000

Investors can enjoy a hands-off approach to their investment on flat 1 with no voids or maintenance costs, this property comes with a long-term 5-year lease with a supported housing charity, ensuring hassle-free management and guaranteed rent.

Flat 2: Private tenant, however, we have lettings management to make this hands-off.

The Financials: (Excluding maintenance and management)
▪ Purchase price: £125,000
▪ GDV: £145,000
▪ Annual profit: £7,075
▪ ROCE: 20%
▪ Gross yield: 8%
▪ Annual rent: £12,150


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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.