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£8,895
ROCE40%
Yield13%
Purchase £ £11,600
Property description
Strategy: HMO
We are seeking a joint venture partner to collaborate on our next HMO conversion project — a 3-bedroom semi-detached property to be transformed into a 5-bedroom, 5 en-suite HMO. This is a fast-turnaround project in the sought-after Mansfield area, designed to deliver strong returns and a high-quality professional living space.
The project will be completed to a professional standard with our experienced build team, ensuring maximum value uplift and long-term rental demand. On completion, the property will be refinanced and retained as a cash-flowing HMO, delivering sustainable rental income and strong capital appreciation.
Investment Terms:
▪ Required Investment: £30,000
▪ Return: 20% over 12 months
▪ Security: Second Charge
▪ Exit: Refinance with repayment of capital + interest
Project Financials:
▪ Purchase price: £130,000
▪ Purchase costs: £11,600
▪ Refurbishment: £44,000
▪ GDV: £250,000
Rental & Profitability:
▪ Annual rent: £31,500
▪ Monthly profit: £900
This project represents a compelling, de-risked opportunity with a 12-month turnaround and a clearly defined exit strategy.
For more information or to discuss this joint venture, please get in touch.
Sourced reference: 963483685589866
Due diligence
All investor funds are fully secured by a second legal charge against the property, ensuring capital protection throughout the project. The property has been sourced below market value with strong comparables supporting the GDV, providing an additional safety margin. Legal work and purchase due diligence will be carried out by qualified solicitors, with all agreements clearly documented. The exit strategy is via refinance within 12 months, supported by robust rental demand in the area, ensuring investors’ capital and agreed returns are safeguarded.
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£8,895
ROCE40%
Yield13%
Purchase £ £11,600
Sales Agent
Ben Kirby
Ben Kirby / Kirby Estates
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