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
GDV£425,000
Profit£92,765
ROCE98%
Purchase £ £19,399
Property description
Strategy: Unreg Property Loans
Project Overview
The project is for the refurbishment of the current dwelling. The refurbishment will entail full internal refit and minor external landscaping.
Project Financials
Property Purchase costs - £170,000
Development Costs - £110,300
Upfront costs - £19,339 (purcase costs)
Our Experience in Project Management & Property
I have a background in financial advice and will take a lead on the project financials.
My son Matthew will project manage the development. Matthew has experience within construction and has been a project manager for the last 7-8 years, as well as holding roles as a project planner. He has managed projects ranging from £10,000s to circa £60million. The projects have varied from Civils, Mechanical and Electrical to large external facade and fit out schemes. During this time, he has managed the commercial element of projects and gained extensive contacts within the construction industry.
Unregulated Property Loan Financials
Looking for a loan of £85,000
18 months term
15% Interest PCA
Security
2nd charge on development
Exit and Repayment Plan
Advertise on open market, the properties will be advertised once development commences. Aim is to sell the property and repay property loan.
Sourced reference: 826249343233191
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
GDV£425,000
Profit£92,765
ROCE98%
Purchase £ £19,399
Sales Agent
James Kelly
Sourced
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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