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£2,411
ROCE41%
Yield8%
Purchase £ £22,750
Property description
Strategy: Buy to Let
3-Bed Refurbished BTL in Peterlee with Rear Garden
This attractive buy-to-let property features 3 spacious bedrooms and a generous rear garden, providing comfortable living space for families or professionals alike. The home has recently undergone a full refurbishment, including a complete rewire and a new roof, ensuring modern safety standards and long-term peace of mind for both landlord and tenants.
Inside, the property boasts a fresh and contemporary finish throughout, with updated fixtures, fittings, and stylish décor. The well-proportioned rooms offer flexibility for various living arrangements, while the rear garden provides a private outdoor retreat ideal for relaxing or entertaining.
Let on an Assured Shorthold Tenancy (AST) for a two-year term, this property currently achieves a rental income of £550 per calendar month. With its modern upgrades, ample outdoor space, and secure tenancy, this fully renovated home presents an excellent opportunity for investors seeking a reliable and hassle-free buy-to-let.
The financials:
▪ Purchase price: £62,500
▪ GDV: £85,000
▪ Annual profit: £2,411
▪ ROCE: 41%
▪ Yield: 8%
Sourced reference: 919391734339324
Due diligence
House will be completed to the Durham Homes Standard. AST is secured for 2 years at £550.00.
The GDV in this area are starting to rise with the local investment strategies recently introduced. A good buy for a first time or seasoned investor
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£2,411
ROCE41%
Yield8%
Purchase £ £22,750
Sales Agent
Steve Moyse
Meadow View (Norwich) 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