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£550,000
Profit£153,975
ROCE148%
Purchase £ £10,000
Property description
Strategy: Unreg Property Loans
The project is a partly renovated, detached 5-bedroom dwelling. The property is back to brick, with all structural works complete. The vendor is moving overseas and is unable to finish the project.
Project Financials
▪ Purchase price: £215,000
▪ Development costs: £156,500
▪ Upfront costs: £24,525
▪ GDV: £550,000
▪ Profit on sale: £84,650
▪ ROI: 20%
Experience/ Project Management:
James Kelly have a background in financial advice and will take a lead on the project financials.
His son, Matthew will project manage the development. Matthew has experience within construction and has been a project manager for the last 7–8 years, as well as holding roles as a project planner. He has managed projects ranging from £10,000s to circa £60 million. The projects have varied from civils, mechanical and electrical, to large external façade and fit-out schemes. During this time, he has managed the commercial elements of projects and gained extensive contacts within the construction industry.
Investment Summary:
Looking to raise £100,000 as an unregulated property loan agreement.
The Term / Interest:
Sourced reference: 597779667532429
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£550,000
Profit£153,975
ROCE148%
Purchase £ £10,000
Sales Agent
James Kelly
Sourced
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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