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£8,064
ROCE538%
Yield9%
Purchase £ £30,000
Property description
Strategy: Buy to Let
Halstead Lease Extension Opportunity – Strong Value-Add Potential
A discounted leasehold opportunity in Halstead with 73 years remaining on the lease and £200 ground rent, creating an excellent value-add angle for investors. With the removal of the 2-year ownership rule, the lease can now be extended immediately after completion, allowing investors to unlock value far quicker than before.
Estimated lease extension premium: circa £10,000–£16,000 plus legal and valuation fees.
Based on comparable evidence, the anticipated GDV following a lease extension and light refurbishment is around £145,000, offering strong potential for refinance or resale.
Potential strategy:
• Purchase below market value
• Extend lease immediately post-completion
• Light cosmetic refurbishment
• Refinance onto a standard BTL mortgage or exit via resale at uplifted value
Located in the desirable Essex market town of Halstead, the property benefits from strong local rental demand and good affordability, making it an attractive BRRR or flip opportunity for cash investors.
The financials:
▪ Purchase price: £75,000
▪ GDV: £145,000
▪ Refurb costs: £30,000
▪ Annual profit: £8,064
▪ ROCE: 538%
▪ Yield: 9%
Sourced reference: 952254357165976
Due diligence
No information supplied.
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£8,064
ROCE538%
Yield9%
Purchase £ £30,000
Sales Agent
Simon Fairchild
OLM Technical 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