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£25,500
ROCE39%
Yield12%
Purchase £ £22,150
Property description
Strategy: Buy to Let
Phase 1: Immediate BTL Cashflow | Phase 2: 5-Bed HMO Conversion
This property offers a unique "land-bank" opportunity in an established residential pocket of Portsmouth. While many investors might overspend on a full cosmetic refurb immediately, the true value here lies in a low-CapEx entry followed by a strategic HMO conversion once the market or the property’s lifecycle dictates a full overhaul.
The Strategic Play
Phase 1 (The Immediate Hold): Execute a refresh. By spending only £2,500–£4,000 on high-durability laminate flooring and essential carpets, an investor can secure a high-quality BTL tenant immediately. This preserves capital while the property appreciates.
Phase 2 (The Value Add): Once the property requires a full decorative cycle (3–5 years), pivot to a 5-bed HMO conversion STPP. By relocating the kitchen into the second reception room and converting the original kitchen and front reception into bedrooms, you unlock a significant jump in both yield and GDV.
>Key Property Details
Feature: Specification
Type: 3-Bed Mid-Terrace
Tenure: Freehold
Current Layout: 2 Reception Rooms, 2 Shower Rooms (incl. Ensuite)
External: Approx. 37ft Rear Garden
Status: Vacant Possession / No Forward Chain
Current EPC/Tax: EPC D / Council Tax Band B
>Financial Breakdown
1. Entry Phase: Buy-To-Let (BTL)
Based on £225,000 purchase price and ~£2,500 light refresh.
Gross Monthly Rent: £1,450
Gross Yield: 8% (on purchase price)
Estimated Net Monthly Cashflow: £700 (after mortgage)
Estimated Net Annual Cashflow: £9,150 (after mortgage)
2. Growth Phase: 5-Bed HMO Conversion
Estimated conversion cost: £25,000 (incl. £15k compliance & £10k kitchen relocation).
Projected GDV: £300,000
Projected Room Rate: £600 PCM per room
Total Monthly Gross: £3,000
Estimated Net Monthly Cashflow: £2,125 (after mortgage)
Estimated Net Annual Cashflow: £25,500 (after mortgage)
Gross Yield: 12%
ROCE: 39%
Strategy: Subject to planning (Article 4 area), this conversion offers a massive uplift in rental income and a significant equity buffer.
>Why This Deal Works
• Strong tenant demand location
• Good internal layout with 2 bathrooms
• Low to moderate refurb requirement
• Scope to add value
• Suitable for both new and experienced investors
Complete Investment Support Package
With Sourced, you have access to a complete property investment support package in one place.
This includes:
• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Renovation support – experienced refurbishment team ready to assist with works where needed
For further details or to invest, please contact us.
Sourced reference: 622936566367259
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
Profit pa£25,500
ROCE39%
Yield12%
Purchase £ £22,150
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
Smart support to move your deal forward
Review the numbers
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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