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£3,765
ROCE22%
Yield3%
Purchase £ £34,600
Property description
Strategy: Buy to Let
Freehold end-terraced property in an established Nuneaton residential area — a straightforward hold-and-rent opportunity with very light refurbishment required.
The property is already well-presented and benefits from 2 good-sized bedrooms, a through lounge/diner, fitted breakfast kitchen, bathroom, gas central heating, uPVC double glazing and an enclosed low-maintenance rear garden with brick-built store.
The proposed strategy is a simple cosmetic refresh only — minor presentation improvements, freshening up where needed and preparing the property for immediate rental occupation.
Investor appeal comes from the no upward chain, vacant possession, affordable entry price point and reduced purchase price, with the agent quoting a rental value of approximately £850 pcm.
Ideal for investors looking for a low-capex rental property with limited works required and strong income potential from day one.
Financials
Value: £135,000
Purchase Price: £100,000
Purchase Costs: £34600
Sourcing Fee: £3000
Refurbishment Cost: £5740
GDV: £135,000
Money Left in: £17,090
Monthly Rent: £850
Annual Rent: £10200
Monthly Profit: £313.75
Annual Profit: £3765
ROCE: 22%
Gross Yield: 8%
Net Yield: 3%
Work with us:
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.
Sourced reference: 887696262734953
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£3,765
ROCE22%
Yield3%
Purchase £ £34,600
Sales Agent
Muhammad Ibrahim
Dwellplex Ltd
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