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£825
ROCE9%
Yield13%
Purchase £ £2,000
Property description
Strategy: Buy to Let
34 Hawthorn Street, Peterlee, SR8 3LY
2 Bed End Terrace
Freehold
EPC D
Approx. 75sqm
Vacant possession expected
Light refurb opportunity
Purchase Price: £39,999
Estimated Market Value: £55,000
Refurb Budget: £5,000
Total Investment Required: Approx. £50,268
Stamp Duty: £0
Rental Expectation: £575 PCM
Gross Yield: 12.55%
ROI / ROCE: 37.4%
Estimated Monthly Profit: £300 PCM (6% interest only)
Refinance Figures:
Estimated refinance value: £55,000
Money left in deal after refinance: Approx. £9,618
Area Notes:
Average 2-bed rental in the area is around £541 PCM, so £575 PCM looks achievable after a clean, light refurb. This is a low-entry northern cashflow deal, not a premium location, but the yield and cash left in post-refinance are very strong.
Investors should be comfortable with lower-value northern stock and the tenant profile that comes with these areas.
DM me directly if interested.
Reservation fee applies to secure the property.
Sourced reference: 649332677331625
Due diligence
No information supplied.
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£825
ROCE9%
Yield13%
Purchase £ £2,000
Sales Agent
Jon Solitro
Jon Sol Property
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