Sourced Approved Investment

High Yielding BTL North East - House

£ 60,000

Added: 02/06/2025

Profit pa£5,850

ROCE12%

Yield15%

Property description

Strategy: Buy to Let

A property with huge potential and scope for BTL. With a light refurb this property can generate £9,000 per year due to its excellent location. A perfect opportunity for someone looking for their first investment property, or experienced investors looking to grow their portfolio. No chain and sold with vacant possession.

The financials:
▪ Purchase price: £60,000
▪ GDV: £65,000
▪ Refurb costs: £10,000
▪ Annual profit: £5,850
▪ ROCE: 12%
▪ Yield: 15%

Sourced reference: 843363946386741

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.

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Due diligence

Similar property nearby achieving £750pcm from Marine School Students

Sales Agent

Paresh Pithiya

PP

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