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£10,608
ROCE147%
Yield0%
Purchase £ £7,200
Property description
Strategy: Rent to Rent
An Investment opportunity without a deposit and with a 1 month rolling break clause if you are not happy. This is 1 or 2 investment opportunities in the same block in Jarrow (Both available on request
Unfurnished rent to rent, with £700 pcm to pay in rent (£8400 per year). Upfront costs £7,200 (assumes furnishings bought for £3000, add more if you would like to). This is a 2-bedroom property that can sleep 2-4 depending on beds provided.
- Calculations assume 3 guests (using Octo Property Market Intel ADR of £115 and occupancy of 70%)
- Illustration using £115 ADR (assumes cleaning and changeover costs are paid for by the Guest @ (£40 a changeover).
- Break even between 30-40% occupancy, 9-12 nights pcm
Finances per occupancy :
@50% = £1925 revenue, £302 profit pcm, yearly = £3624
@60% = £2310 revenue, £593 profit pcm, yearly = £7116
@70% = £2695 revenue, £884 profit pcm, yearly = £10608
@80% = £3080 revenue, £1174 profit pcm, yearly = £14088
@90% = £3465 revenue, £1465 profit pcm, yearly = £17580
Sourced reference: 868264471348534
Due diligence
Full transparency on the numbers available on request
ZERO deposit
1 month break clause
Investors are encouraged to view the property
Investors are encouraged to do their own due diligence
Investors are in control of the performance of the property vs the data shared
Figures DO NOT include a management fee (Investors are responsible to find their own mgnt company, if they so wish)
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£10,608
ROCE147%
Yield0%
Purchase £ £7,200
Sales Agent
Keith Smith
Summit Propertysmiths Ltd
Smart support to move your deal forward
Review the numbers
We've pre-crunched the figures for you.
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