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£5,040
ROCE19%
Yield8%
Purchase £ £9,600
Property description
Strategy: Buy to Let
3-Bed BRR Opportunity with Strong Rental Potential
Estimated 21% (c. £25,000) equity uplift from purchase price to post-refurbishment market value.
Property
• 3-bedroom terraced house
• 74 m²
• Freehold
• Standard construction
• 1 bathroom
• EPC Rating: C
• Cosmetic refurbishment only (decorate throughout, clear rear garden, paint rear elevation)
• Refurbishment cost: £9,470 + VAT
• Estimated GDV after works: £120,000
• Expected rental income: £795 PCM
Financials
• Target purchase price: £95,000
• Purchase costs: £9,600 (£3,000 sourcing fee, £1,500 legal fees, £350 insurance, £4,750 SDLT)
• Refurbishment: £9,470 + VAT
• Total investment (before finance): £114,070 + VAT on refurbishment
• Expected GDV after reconfiguration: £120,000
• Money left in: £26,072
• Interest-only mortgage (5%): £375 PCM (£4,500 PA)
• Expected monthly rent: £795 PCM
• Gross annual rent: £9,540
• Gross yield: 8%
• Quoted ROCE: 19%
Purchase Strategy
• Purchase using a day-one bridge.
• Complete the cosmetic refurbishment and reinstate the third bedroom.
• Refinance onto a buy-to-let mortgage at full market value.
• Based on a three-month timeline, with potential for earlier completion due to the light refurbishment.
For further details or to invest please contact.
Sourced reference: 864369388615499
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£5,040
ROCE19%
Yield8%
Purchase £ £9,600
Sales Agent
Sourced Agent
Lendwell Properties 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