Sourced Approved Investment

20% BMV House Birkenhead North West - House

£ 180,000

Added: 12/11/2024

GDV£240,000

Profit£50,000

ROCE90%

Property description

Strategy: Buy to Sell

BMV 3-Bed, Semi-Detached House in Birkenhead

This is a spacious 3-bedroom property in Prenton, Birkenhead. Secured below market value with sitting tenants.

Gain £45k of equity on day 1.

Figures:

▪ Purchase price: £180,000
▪ GDV: £240,000
▪ Purchase costs: £10,400
▪ ROCE: 90%
▪ Profit once sold: £50,000

▪ Market value: £225,000
▪ Rent achievable: £1,100 per month

Tenanted to a family who have always paid on time. Paying £900 per month on a rolling contract but know the new buyer will increase the rent.

Enquire for full details.

Sourced reference: 613257314885288

Location map

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.

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Due diligence

No information supplied.

Sales Agent

Mr Matt Mason

BMV Specialist

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