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£2,666
ROCE18%
Yield6%
Purchase £ £7,000
Property description
Strategy: Buy to Let
TORQUAY BTL OPPORTUNITY – 23% BMV
Freehold Maisonette – Vacant Possession
Torquay, TQ1 3AU
- 1-Bed Maisonette | Freehold
- Approx. 54sqm / 582 sq ft
- Private Garden
- Driveway
- Vacant Upon Completion
- Purchase Price: £100,000
- Estimated Market Value: £130,000
- Zoopla Valuation: £148,000
- Approx. 23.1% Below Estimated Market Value
- Approx. 32.4% Below Zoopla Valuation
- Total Investment Required: £110,000
- Estimated Rental Income: £695pcm
- Gross Yield: 6.42%
- ROI / ROCE: 20.3%
- Net Yield: 2.05%
- Estimated Monthly Profit: £222.12
- Estimated Annual Profit: £2,665.50
Refinance Example:
- Estimated Market Value: £130,000
- Locked-In Equity: £32,500
- Money Left In: £13,100
- Estimated Mortgage Payment: £398.13pcm
Comparable Sale Nearby:
- 253 Babbacombe Road, Torquay, TQ1 3SZ – Sold £135,000
Key Selling Points:
- Vacant possession upon completion
- Freehold maisonette – standard construction
- Zoopla valuation of £148,000
- Private garden and dedicated driveway
- Spacious living/dining room and separate kitchen
- Bus and train links nearby
- Local amenities within walking distance
- Huge choice of beaches within a 15-minute drive
- Strong coastal buy-to-let opportunity
- Cash buyers or fast finance only. Searches to be indemnified.
DM if interested before it's gone.
Sourced reference: 899316875168792
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£2,666
ROCE18%
Yield6%
Purchase £ £7,000
Sales Agent
Jon Solitro
Jon Sol Property
Smart support to move your deal forward
Review the numbers
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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