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£87,251
ROCE31%
Yield8%
Purchase £ £366,500
Property description
Strategy: Buy to Let
Sourced is pleased to present an operational Care home opportunity
Address: Nafferton, East Riding of Yorkshire, YO25
Guide Price: £1,000,000
Buyer’s Fee: 2%
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Property Overview
• Established 18-bed CQC-registered (GOOD) residential care home
• Room mix: 14 singles (8 en-suite), 2 premier rooms, 1 double
• Call bell system, modern décor, residents can personalise rooms
• Communal areas: 2 lounges, conservatory, dining room
• Adapted bathrooms, serviced lift, full wheelchair access
• Lapsed planning permission (2014) for side & rear extensions + new laundry
• Potential to add up to 10 more rooms (subject to updated approval)
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Key Highlights
• Established operation with income
• Expansion potential via extensions
• Strong demand in elderly care sector
• Attractive entry price with development upside
• Reputable, community-recognised care provider
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Planning
• Approved Oct 2014 (now lapsed)
• Works included: two-storey side & single-storey rear extension, demolition & rebuild of laundry
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Financials
• Current capacity: 18 residents
• Turnover:
• 2021: £695k
• 2022: £710k
• 2023: £748k
• 2024: £807k
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Investment Rationale
• Secure, income-producing care business
• Immediate trading income with 18 beds
• Value-add potential through extension & uplift in capacity
• Strong long-term exit opportunity to private or institutional buyer
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Further details, occupancy data & viewings (NDA required):
Sourced reference: 917235115389493
Due diligence
As above
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£87,251
ROCE31%
Yield8%
Purchase £ £366,500
Sales Agent
Mush Fazel
MJF Property 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