40-Year Short Lease (cash only)

This is a 2 double bedroom purpose built flat-to-rent located in Caterham on the Hill. With a total of 72 sqm, the property offers a bright living space with good size reception room, 2 double bedrooms, kitchen and family bathroom. It also benefits from parking and a garage.

Key features
- Two double bedrooms
- Bright reception room
- Parking and garage
- BMV - Off Market
- Mains Electrics
- Kitchen
- Bathroom
- Unfurnished
- EPC rating C
- Off Market

The financials:
▪ Purchase price: £145,000
▪ GDV: £262,000
▪ Purchase costs: £150,000
▪ ROCE: 22%
▪ Profit once sold: £46,500

▪ Asking price - £147,000
▪ Deal sourcing Fee - £5,000
▪ 40 years on Lease
▪ Lease Extension - £63,000

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.