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£16,980
ROCE30%
Yield14%
Purchase £ £14,500
Property description
Strategy: HMO
To maximise gains in both aspects, a 6-bed HMO conversion is the chosen strategy for this property, which utilises the high rental demands and fantastic cashflow metrics and combines it with the long term capital growth of approx 4-6% annual increase to maximise the returns on a £240,000 GDV. With a high yield 14% gross yield, this property is well located for convenient access to Supermarkets and Town Centre.
Condition of this property is cosmetically outdated, with no major issues, presenting itself as a straightforward 4 bed house to a 6 bed HMO to be completed under Permitted Development Rights.
PE21 - Boston area presents a viable opportunity for property investors seeking a balanced approach of steady rental income and potential long-term capital appreciation in a robust local market.
Don't miss this great investment!
The Financials
▪ Purchase price: £140,000
▪ Refurb costs: £50,000
▪ GDV: £240,000
▪ Yield: 14%
▪ ROCE: 30%
▪ Annual profit: £16,980
Sourced reference: 691579892826357
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£16,980
ROCE30%
Yield14%
Purchase £ £14,500
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
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