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£700,000
Profit£164,000
ROCE117%
Purchase £ £18,750
Property description
Strategy: Unreg Property Loans
Small refurb with planning for a new dwelling in cheadle Hulme
The opportunity involves a small refurbishment of an original bungalow, with the added benefit of an adjacent plot of land suitable for the development of a new two-bedroom bungalow.
This is an Unregulated Property Loan.
Investment details:
▪ Required investment: £ 165,000
▪ Minimum investment: £30,000
▪ Profit after all costs: 164,092
▪ Purchase price: £270,000
▪ Purchase costs: 18,750
▪ Development costs: 160,000
▪ GDV: £700,000
▪ 20% Interest return PCA
▪ Term: 12 Months
▪ Security: Varies from loan agreements to second charge, dependent on invested amount.
For further information, please get in touch
Sourced reference: 634983599742618
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£700,000
Profit£164,000
ROCE117%
Purchase £ £18,750
Sales Agent
David McDermott
McDermott Developments & Co
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