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£4,762
ROCE27%
Yield10%
Purchase £ £18,000
Property description
Strategy: Buy to Let
Here we have a BRR property requiring minimal works and offering instant equity potential. The property itself is a 3 bed end-terrace in Houghton - Le - Spring - a convenient commuter town on the outskirts of Sunderland with excellent road links and surrounded by greenery.
For investors seeking attractive returns, entry price affordability and growth potential in a stable northern market, Houghton‑le‑Spring stands out as a great option for solid cashflow opportunities.
Asking price of just £59,000 and a Zoopla estimate of £73,000 further supported by good comparable sold prices in the area.
(Cash purchase)
The financials:
▪ Purchase price : £59,000
▪ GDV: £73,000
▪ Refurb costs: £5,000 (build quote and video available)
▪ Annual profit: £4,762
▪ ROCE: 27% (if re-financing)
▪ Gross yield: 10%
▪ Monthly rent: £625 PCM / £7,500 PA
Please be in touch for further information including works quote from local builder and video.
Sourced reference: 792817134443269
Due diligence
Please conduct your own due diligence.
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£4,762
ROCE27%
Yield10%
Purchase £ £18,000
Sales Agent
Imogen Ridley
Sourced Franchise
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