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£32,700
ROCE108%
Yield15%
Purchase £ £17,250
Property description
Strategy: HMO
A substantial 140m2 semi-detached house over three floors. Requires full refurbishment—a "blank canvas" for forced appreciation.
Property Details
- 4 bedrooms + large basement with external access (ideal for a self-contained annexe).
- Planning Flex: No Article 4 Direction; easier conversion to HMO or Serviced Accommodation (SA).
- Parking: Rare off-street parking at the rear—a major value-add for SA and HMO tenants.
- Location: Heart of Devon costal town; walking distance to the town centre and beach.
- Target purchase price £130,000
- Conversion costs (Est): £82,500
- Purchase costs: £17,250
- Investment required: £142,780
- GDV after conversion: £280,000 - £300,000 - immediate £150k equity uplift
- Monthly NET: £2,725
- ROCE: 108%
- Gross Yield: 15%
A low‑risk, high‑yield opportunity for both new and experienced HMO investors.
Optional project management available.
Exit Strategies & Yields
OPTION 1: HMO (6-Bed): Estimated £3,600–£4,200/month (£600–£700 per room). No Article 4 simplifies the change of use.
OPTION 2: Serviced Accommodation: Seasonal rates of £150–£280/night for large groups. High demand due to coastal location and parking.
OPTION 3: Buy-to-Sell: Post-reno value estimated at £280k–£300k based on 4-bed area averages.
Sourced reference: 745592324181639
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£32,700
ROCE108%
Yield15%
Purchase £ £17,250
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
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