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£24,873
ROCE16%
Yield11%
Purchase £ £159,300
Property description
Strategy: HMO
A superb investment opportunity to acquire this fully tenanted 11-bedroom student accommodation property generating a combined annual return of £52,250. Ideally located within easy reach of Teesside University, this property offers spacious and modern accommodation designed specifically for the student market.
Each of the 11 bedrooms features its own private en-suite bathroom, ensuring maximum comfort and privacy — a highly desirable feature among student tenants. The property also benefits from well-maintained communal kitchen and lounge areas, creating an attractive, sociable living environment.
Consistent rental demand ensures this asset is a reliable, hands-off investment delivering strong returns.
Key Features:
• 11 Spacious Bedrooms – All En-Suite
• Fully Tenanted – Turnkey Investment
• £52,250 Combined Annual Income
• Modern Communal Kitchen & Lounge Areas
• Walking Distance to Teesside University
• Sought-After Student Rental Location
• Strong, Consistent Yield with Growth Potential
The financials:
▪ Purchase price: £490,000
▪ Annual profit: £24,873
▪ ROCE: 16%
▪ Gross yield: 11%
▪ Monthly NET: £2,072.75
▪ Net yield: 5%
▪ Gross rent mortgage coverage: 284%
▪ Net rent mortgage coverage: 135%
Sourced reference: 859663471599698
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
Profit pa£24,873
ROCE16%
Yield11%
Purchase £ £159,300
Sales Agent
Yetty Sofolabo
Yetty Sofolabo
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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