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£3,125
ROCE66%
Yield11%
Purchase £ £2,000
Property description
Strategy: Buy to Let
66% Return BRRR Opportunity – NO STAMP
HIGH-YIELD FREEHOLD TERRACE – VACANT POSSESSION
Peterlee, SR8 3PX
3 Bed Mid-Terrace | Freehold
- Approx. 85sqm / 915 sq ft
- Vacant Upon Completion
- Purchase Price: £36,000
- Estimated Market Value: £55,000
- Approx. 34.5% Below Market Value
- Refurbishment: Approx. £5,000 (included in cash-needed figures)
- Estimated Rental Income: £500pm
- Gross Yield: Approx. 10.53%
- Cash Needed: Approx. £47,269
- ROI / ROCE: Approx. 61%
Comparable Sales Nearby:
• 14 Thomas Street, Peterlee, SR8 3LT – Sold £58,000
• 4 Paradise Lane, Peterlee, SR8 3EX – Sold £80,000
• 6 Paradise Lane, Peterlee, SR8 3EX – Sold £73,000
Key Selling Points:
• Vacant possession upon completion
• Freehold – standard construction
• Three bedrooms
• Ground-floor living room & kitchen-diner
• Approx. £5,000 refurbishment budget factored into figures
• Walking distance to the beach
• Local amenities nearby
• Excellent high-yield BTL opportunity
Cash buyers or fast finance!
Sourced reference: 754658934415579
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£3,125
ROCE66%
Yield11%
Purchase £ £2,000
Sales Agent
Jon Solitro
Jon Sol Property
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