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£7,781
ROCE42%
Yield10%
Purchase £ £9,750
Property description
Strategy: Buy to Let
Modern Mid-Terrace, 3-Bed Property in Cheshire
Strategy: Buy to Let, BRRR, Flip
This is a prime opportunity to take a suppressed value distressed property and maximise its potential with cosmetic refurbishment throughout and either exit the deal by refinancing or sale on the open market. Based very locally to local amenities such as public transport stations and schools, this property would be great fit for a long term tenancy for families.
Key property details:
- 3-bed house ( Modern Mid Terrace )
- Freehold
- 88sqm
- EPC C
- Council tax band C
- Vacant possession
- No chain
Key financials example bridging loan purchase and refinance:
▪ Purchase price: £68,000
▪ Legals: £1,000
▪ Stamp duty: £3,200
▪ Sourcing fee: £4,000+vat
▪ Refurb costs: £22,000
▪ GDV: £135,000
▪ Gross monthly rent: £1000
▪ Gross annual rent: £12,000
▪ Refinance BTL mortgage 2yr fixed LTV 80% interest 4.5%:
▪ Mortgage: £101,250
▪ Money left in: £18,320
▪ Annual profit: £7,781
▪ Gross yield: 10%
▪ ROCE: 42%
Sourced offer the full property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Full limited company, SPV and accounting solution,
Sourced Finance - Specialist lending not available on the high street!
Sourced Living - Fully compliant 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: 775821733533349
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£7,781
ROCE42%
Yield10%
Purchase £ £9,750
Sales Agent
Ben Barton
Kimber Le Prevost Limited
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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