Deal 58 - Hands-Off BRRR: Tyne and Wear

This is a 2-bedroom terraced home in Tyne and Wear.

Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.

Economic Landscape
- Port of Tyne: One of the UK's most important ports, handling a variety of goods including cars, bulk cargo, and renewable energy equipment.
- Renewable energy: The region is becoming a hub for renewable energy, particularly offshore wind farms. The Port of Tyne is a key player in this sector.
- Tech and innovation: Newcastle upon Tyne is emerging as a tech hub, with a growing number of startups and innovation centres.

Cultural and Educational Institutions
- Universities: Home to prestigious institutions like Newcastle University and Northumbria University, which are known for research and innovation.
- Cultural venues: The Sage Gateshead, BALTIC Centre for Contemporary Art, and the Great North Museum are key cultural landmarks.

Transport and Infrastructure
- Tyne and Wear Metro: One of the most extensive urban rail networks in the UK, connecting key areas within the county and beyond.
- Newcastle International Airport: A major gateway for both passenger and cargo flights, contributing to the region's connectivity.

Demographics and Quality of Life
- Population: The county has a diverse population, with a mix of urban and suburban areas. Newcastle upon Tyne is the largest city.
- Quality of life: The region offers a high quality of life with affordable housing, good schools, and a range of recreational activities.

Key Investment Highlights:

▪ Purchase price: £55,000
▪ GDV: £90,000
▪ Refurb costs: £8,750
▪ Annual profit: £3,765
▪ ROCE: 66%
▪ Gross yield: 8%

▪ Estimated monthly rent: £595

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.