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
GDV£450,000
Profit£70,030
ROCE22%
Purchase £ £8,750
Property description
Strategy: Development
£70,030 net profit from converting the 2-bedroom house to a 4-bedroom house (subject to planning permission).
This charming 2-bedroom house is located in the highly desirable Bushmead area of Luton and is available for purchase chain-free. The generous plot size also presents fantastic potential to extend, subject to planning permission (STPP), allowing the future owner to significantly enhance the living space and add considerable value to the property. Further enhancing the convenience of this property is the allocated parking, a valuable asset in any residential area, ensuring hassle-free parking for residents. The location itself is a major draw. Bushmead is renowned for its family-friendly atmosphere, excellent local amenities, and strong community spirit. Residents benefit from easy access to a range of shops, supermarkets, and leisure facilities, all within a short distance. Commuters will find excellent transport links nearby, including convenient access to major road networks and public transport options, facilitating easy travel to Luton town centre, London, and beyond.
Key financials:
▪ Purchase price: £270,000
▪ GDV: £450,000
▪ Refurb costs: £67,000
▪ Purchase costs: £8,750
▪ Profit once sold: £70,030
▪ ROCE: 22%
▪ Sourcing fee: £4,000
▪ Investment required: £325,600
For further information, please get in touch.
Sourced reference: 934865425273857
Due diligence
No information supplied.
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
GDV£450,000
Profit£70,030
ROCE22%
Purchase £ £8,750
Sales Agent
Andrew Idiabana
Andrew Diamond Investments Limited
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