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£4,688
ROCE21%
Yield7%
Purchase £ £10,700
Property description
Strategy: Buy to Let
A 2-bedroom freehold house in Wigan, offering investors a flexible value-add opportunity that works as either a BRRR strategy or a potential flip exit.
The property has a generous 76 sqm internal footprint and clear scope for refurbishment to improve both rental appeal and resale value. With a projected £155,000 GDV, this is well suited to investors looking to add value, refinance, and retain as a rental asset.
For investors preferring a shorter-term exit, the numbers also support a flip strategy, with an estimated circa 40% ROCE depending on final refurbishment, resale, finance, and disposal costs.
Key Financials
▪ Purchase price: £90,000
▪ Current value: £99,000
▪ GDV: £155,000
▪ Refurb costs: £25,920
▪ Money left in after refinance: £21,943
▪ Monthly rent: £900
▪ Monthly profit: £390.63
▪ Annual profit: £4,687.50
▪ Yield: 7%
▪ BRRR ROCE: 21%
▪ Flip ROCE: Circa 40%
A flexible investor opportunity with both BRRR and flip potential, offering strong capital uplift and multiple exit routes.
Sourced reference: 969833549424128
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£4,688
ROCE21%
Yield7%
Purchase £ £10,700
Sales Agent
Paul Adeleye
P & E Property
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