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£240,000
Profit£12,410
ROCE15%
Purchase £ £9,750
Property description
Strategy: Conversion
Conversion in Great Yarmouth, Norwich
This former public house is centrally located in Great Yarmouth within an area benefiting from ongoing regeneration. The property comprises ground floor commercial space and a well-presented three-bedroom flat above, currently let at £900 pcm, with potential to convert the ground floor into an additional three-bedroom flat subject to planning.
Located close to the docks, trunk roads, parking, shops, and the seafront, the asset offers strong value-add potential, projected rental income of around £1,800 pcm post-conversion, and an estimated gross yield of 15.4% against the purchase price, or approximately 11% on total cost after works. Funding options are also available on request.
Key Financials:
▪ Purchase price: £140,000
▪ Purchase costs: £9,750
▪ Refurb costs: £55,000
▪ GDV: £240,000
▪ Profit once sold: £12,410
▪ Gross yield: 15%
▪ Sourcing fee: £2,500
For further information, please get in touch.
Sourced reference: 962966714941995
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
GDV£240,000
Profit£12,410
ROCE15%
Purchase £ £9,750
Sales Agent
Steve Moyse
Meadow View (Norwich) Ltd
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