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£185,000
Profit£15,450
ROCE19%
Purchase £ £39,950
Property description
Strategy: Buy to Sell
Residential Flip Opportunity in North East Lincolnshire
▪ Purchase price: £115,000
▪ GDV: £185,000
▪ Purchase costs: £39,950
▪ Profit once sold: £15,450
▪ ROCE: 19%
▪ Profit Margin: 8%
The Capital Breakdown
- Purchase Price: £115,000 (Below surveyor valuation)
- Cash Required: £39,000 (Covers deposit, SDLT, legal and sourcing fee)
- Refurbishment budget: £27,500 (Includes £25k build costs + a built-in 10% contingency)
The Property & Strategy
This is a classic "fixer-upper" 3-bedroom semi-detached property featuring two separate reception rooms, a generous rear garden with excellent extension potential, and off-road driveway parking.
The strategy relies entirely on forced appreciation. By executing a comprehensive £30k refurbishment, we will unlock the property's full potential, elevating it from its current state to a premium, market-ready home valued at £185,000.
Risk Mitigation (Stress Tested)
Capital Protection: The inclusion of a 10% cash contingency within the build budget ensures price overruns are absorbed without impacting investor equity.
Sourced reference: 672732281966565
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
GDV£185,000
Profit£15,450
ROCE19%
Purchase £ £39,950
Sales Agent
Smijo Peter
Crestora Property Group Ltd
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