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£23,300
ROCE111%
Yield22%
Purchase £ £9,200
Property description
Strategy: HMO
High Yield! Terrace house conversion to 6-Bed HMO in Lincolnshire under permitted development.
Introducing a superb 6-bed HMO conversion offering excellent income potential and long-term security. This property is situated near the sea front. It is a very well presented terrace house in need of minimal work to be HMO compliant. Once fully compliant and license ready, this professionally developed property is designed for maximum rental efficiency and minimal vacancy rates.
With a strong rental yield of 16% and ROCE infinite return, investors can benefit from fantastic monthly cash flow, making it an ideal addition to any income focused portfolio. Beyond short term returns, the area shows steady capital growth of 13.12% increase over the last five years and around a 3% increase in the last year. This growth is occurring in the context of significant regeneration projects and economic development plans for the area. Providing confidence in long term value and equity uplift.
The property is exceptionally well located, just a short walk from supermarkets, transport links and the town centre, ensuring high demand from tenants year round.
Perfect for both seasoned investors and new entrants to the HMO market, this is a rare opportunity for low upfront cost to secure a powerful, high performing asset in a growth area.
The financials:
Based on a cash purchase;
▪ Purchase price: £120,000
▪ Purchase costs: (stamp,legals,survey, sourcing fee) £14,200
▪ GDV: £175,000
▪ Refurb costs: £18,000
▪ Annual profit: £23,300
▪ Yield: 22%
▪ ROCE: 111%
Get in touch for more details.
Build Team, Limited Company Formation, Finance Options, Legal Conveyancing and Lettings Management available if required. Ask for more details.
Sourced reference: 952392686231288
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
Profit pa£23,300
ROCE111%
Yield22%
Purchase £ £9,200
Sales Agent
Michael Parry
SILKSTONE ESTATES 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