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£1,275
ROCE18%
Yield6%
Purchase £ £18,600
Property description
Strategy: Buy to Let
This is an off-market BTL in good internal condition having been refurbished by the current landlord. Rent has not been increased for a long time so it is well overdue a rent review which will increase yield straight away. Area undergoing a lot of investment and regeneration which bodes well for capital appreciation.
https://burnleylongtermplan.co.uk/
The financials:
▪ Purchase price: £52,000
▪ GDV: £70,000
▪ Annual profit: £1,275
▪ ROCE: 18% (based on 75% LTV BTL at 5% Interest when refinanced at FMV)
▪ Yield: 6%
▪ Sourcing fee: £5,000
Sourced reference: 749714432138148
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£1,275
ROCE18%
Yield6%
Purchase £ £18,600
Sales Agent
Rick Kerfoot
SRK Property 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