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£9,612
ROCE19%
Yield12%
Purchase £ £17,450
Property description
Strategy: HMO
This off-market acquisition has never been openly advertised, giving you the opportunity to secure it without competing with other buyers.
The property is a straightforward HMO conversion in Southport, just a short walk from the local hospital. Its location should provide strong demand from healthcare professionals and other local workers, making it well suited to a five-bedroom, all en-suite HMO. The numbers stack up from the outset, using conservative assumptions throughout.
The property has been secured below market value, providing built-in equity from day one, with the refurbishment expected to increase the value to around £276,000. Following the works and refinance, approximately £49,950 is projected to remain in the deal, allowing you to recycle the majority of your initial capital.
Projected gross rental income is approximately £2,750 per month (£33,000 per annum), generating an estimated annual profit of around £9,600, with an indicative 19% ROCE and 12% gross yield. As always, these figures are projections and subject to valuation, mortgage terms and rental performance, but the fundamentals on this opportunity are particularly strong.
Sourced reference: 822426235636622
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£9,612
ROCE19%
Yield12%
Purchase £ £17,450
Sales Agent
Gary Mulcahey
Sourced Group 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