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£7,200
ROCE16%
Yield13%
Purchase £ £17,450
Property description
Strategy: Buy to Let
A tenanted 2-bedroom, 2-bathroom leasehold apartment in Southend-on-Sea, offering immediate rental income and an attractive longer-term capital recycling opportunity.
The property is currently generating £1,250 pcm, with tenants in situ until December 2026, providing income from completion. It also benefits from an allocated parking space within a gated car park, supporting its continued appeal to tenants.
The property also offers investors a clear longer-term value play. The appraisal conservatively assesses returns against the current £115,000 GDV, while comparable evidence indicates potential to refinance against a value of approximately £160,000 later down the line, creating an opportunity to release further equity and recycle capital in the future.
Key Financials
▪ Purchase price: £115,000
▪ Current GDV: £115,000
▪ Potential future post cosmetic refurb refinance value: Circa £160,000
▪ Monthly rent: £1,250
▪ Money left in at current GDV: £46,200
▪ Monthly profit: Circa £600
▪ Annual profit: Circa £7,201
▪ Gross yield: 13%
▪ ROCE: 16%
A strong income-producing BTL opportunity combining immediate rental income, attractive returns based on the current value and additional potential to release equity through a future refinance.
Sourced reference: 828934874776422
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£7,200
ROCE16%
Yield13%
Purchase £ £17,450
Sales Agent
Paul Adeleye
P & E Property
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