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£145,000
Profit£21,620
ROCE29%
Purchase £ £30,000
Property description
Strategy: Buy to Sell
This below market value property in the sought-after town of Heanor, Derbyshire, offers an excellent value-add opportunity for experienced investors. Requiring a full refurbishment, the property has an estimated GDV of £145,000, with comparable modernised homes achieving up to £180,000. Well located for Derby, Nottingham, Mansfield and the M1, Heanor continues to see strong demand from both buyers and tenants. With a projected profit of over £21,000 and an estimated 29% ROCE, this is a straightforward refurbishment project with strong upside potential.
Key Investment Figures
Purchase Price: £70,000
Comparable Sales: £145,000–£180,000
Estimated GDV: £145,000
Refurbishment Cost: £35,000
Purchase Costs: £30,000
Investment Required: £74,380
Projected Profit on Sale: £21,620
ROCE: 29%
Strategy: Full refurbishment and resale (flip)
This is an ideal opportunity for investors seeking a below market value acquisition with significant upside, supported by strong comparable values and a location that continues to attract buyers looking for modern, move-in-ready homes.
Sourced reference: 693962913465675
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£145,000
Profit£21,620
ROCE29%
Purchase £ £30,000
Sales Agent
Ben Kirby
Ben Kirby / Kirby Estates Sourcing
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