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£5,288
ROCE18%
Yield6%
Purchase £ £13,350
Property description
Strategy: Buy to Let
Semi Detached 2-Bed BTL in Cheshire
Strategy: BMV, Buy to Let BRRR or Flip
Possibly Ex Authority traditionally built detached house.
Key property details:
- Freehold
- 72 sqm
- EPC D
- Council tax band TBC (a or b )
- Vacant possession
- No chain
This semi detached House is In need of some refurbishment, could be bought using cash with a view to refinance or sell once the works are complete thus increasing the ROCE. In my opinion the rent achievable would be up to £1050 PCM or a sale price of circa £195,000. Some negotiation on the asking price and the refurbishment budget being kept to the absolute minimum would sweeten this deal. There are very few two bed semi detached available for rent in this area so if you bear that in mind when refurbishing to rent rather than sell, keeping the spend low. Please remember we will view the property and start the negotiation on your behalf if you wish to purchase, subject to our contract, proof of funds and an AML check being in place.
Purchase Price - £130,000
Stamp Duty - £6,500
Sourcing Fee - £4000+vat
Legal Fees Estimate - £1,000.
Survey Estimate - £500.
Insurance Estimate - £350.
Building Works Estimate - £22,000
New Value Estimate - £195,000
Max. potential gross rent - £12,600
Yield 6%
ROCE 18%
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
If you are interested in this or similar opportunities that you would like us to find for you please contact.
Sourced reference: 738533596918416
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£5,288
ROCE18%
Yield6%
Purchase £ £13,350
Sales Agent
Ben Barton
Kimber Le Prevost Limited
Smart support to move your deal forward
Review the numbers
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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