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£140,000
Profit£7,148
ROCE17%
Purchase £ £4,600
Property description
Strategy: Buy to Sell
BMV OM Deal in Sheffield
Property Address: 2 Laxey Road, Sheffield, S6 5PF
2-bedroom first floor flat with a newly installed kitchen and very low refurbishment costs required to maximise the returns.
▪ Leasehold: 153 years
▪ Ground rent: £30 per year
▪ SC: £1,320 per year
▪ Purpose built block
▪ Vacant possession
▪ EPC: C
▪ Purchase price: £112,000 + fees
▪ Market value: £140,000 (RICS)
▪ 20% BMV
▪ Cash / selective lenders
▪ Condition: Fair / Liveable
Freeholder believed to be absent – priced accordingly.
Exits:
Buy to Let
▪ Yield: 7%
▪ Revenue per Month: £775
▪ Revenue per Year: £9,300
▪ Refinance (lender dependent)
Flip
▪ Profit Upon Sale (Bridge): £12,500
▪ ROCE: 33%
▪ ROI: 10%
For further information, please get in touch.
Sourced reference: 832257949222957
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£140,000
Profit£7,148
ROCE17%
Purchase £ £4,600
Sales Agent
Marcello Cipriani
Sol Cipriani Limited
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