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£2,201
ROCE10%
Yield9%
Purchase £ £7,357
Property description
Strategy: Buy to Let
"Deal 7 - Tenanted 2-Bed BTL in Spennymoor Durham"
Cash flow from day 1
Vendor is looking for a sale of £43500 for this off market, BTL tenanted 2-bedroom house in Durham, with an estimated market value of £58,000. There's some external remedial works required which have been estimated £2900.
Current rent £450pcm with estimated market rent £550pcm
Financial breakdown - Rent: £450pcm
▪ Monthly NET: £183.43
▪ Purchase price: £43,500
▪ Refurb costs: £2,900
▪ GDV: £58,000
▪ Annual profit: £2,201
▪ ROCE: 10%
▪ Gross yield: 9%
Financial breakdown - Rent £550pcm
▪ Monthly NET: £269.03
▪ Annual NET: £3,228.39
▪ ROCE: 15%
▪ Gross yield: 11%
Sourced reference: 663642798444694
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£2,201
ROCE10%
Yield9%
Purchase £ £7,357
Sales Agent
Matt Matthews
Lean Property Ltd / Triple M Real Estate
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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