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£6,060
ROCE15%
Yield8%
Purchase £ £44,300
Property description
Strategy: Buy to Let
A well-laid-out terraced house reconfigured to provide three bedrooms while retaining a separate living room. The ground-floor front reception can been optimised as a third bedroom, creating a strong family rental proposition. Internally reconfigured only, with no external alterations, the property is expected to achieve £950 pcm, offering solid rental demand and reliable yield.
Small refurb just to bring the property back to life, paint outside and tidy on the garden.
Key financials:
▪ Purchase price: £130,000
▪ GDV: £140,000
▪ Refurb costs: £3,600
▪ Annual profit: £6,060
▪ Yield: 8%
▪ ROCE: 15%
▪ Purchase Costs: £44,300
▪ Money Left in: £41,525
▪ Rent monthly: £950
▪ Rent annually: £11,400
▪ Monthly net: £505
▪ Annual rent: £6,060
Location:
▪ 1.2 miles - Walsall City Centre
▪ 1.1 miles - Bescot Stadium
▪ 0.0 miles - adj - DARLASTON RD - W
▪ 0.6 miles - Morrisons Wallows Lane Walsall
▪ 0.5 miles - Pleck Health Centre
▪ 0.5 miles - Dorothy Pattison Hospital
▪ 4.3 miles - The University of Wolverhampton
▪ 0.4 miles - Alumwell Business and Enterprise College (Secondary, 11 to 18, Mixed)
For further information, please get in touch.
Sourced reference: 761155128283137
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£6,060
ROCE15%
Yield8%
Purchase £ £44,300
Sales Agent
Nikolas Sia
LIKEAPROPERTY 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