Direct to vendor, off market portfolio of 4 properties. These are 3 x terraced properties on the same street, the end terrace is split into 2 flats. These are in excellent condition, having all been refurbished recently (see pictures). Great capital appreciation potential as the area is being snapped up by investors and owner occupiers alike.

Refurbished properties like these in this area are selling for £70-80K. Full open market purchase price could be approximately £240,000 for all 4 properties assuming a maximum market price of £75,000 for the terraced properties and £45,000 per flat. Therefore, purchase price @ £200,000 represents an approximate 17% discount on open market value. The current rental income generates a gross yield of 8% with the potential of achieving 11% yield if the purchaser increased rents to £1900 per month.
Current rents:
▪ No 61: £450 pcm
▪ No 63: £380 pcm
▪ No 65A: £350 pcm
▪ No 65B: £350 pcm

Figures below based on a mortgage purchase with 80% LTV and 5% interest rate on a £200,000 purchase price:
▪ Monthly gross: £1,530
▪ Annual gross: £18,360
▪ ROCE: 23%
▪ Gross yield: 8%
▪ Net yield: 4%
▪ Monthly net: £797
▪ Annual net: £9,560

Can refer to a broker for financing options if required. Contact for more information.

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.