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£165,000
Profit£23,000
ROCE16%
Purchase £ £8,000
Property description
Strategy: Buy to Sell
High Street, Atherton, M46 9DR
Purchase Price: £120,000
Market Value: £165,000
Approx. 27.27% BMV
2 Bed End Terrace
Approx. 72 sqm
848 Year Lease
Peppercorn Ground Rent
Vacant Possession
Refurb Estimate: £10,000
(New kitchen, cosmetic refurbishment, flooring, decoration and uplift throughout)
Rental Expectation: £900 PCM
Gross Yield: 6.55%
Please note: one of the sold comparables has been flagged as a non-standard transaction / possible buy-to-let transfer, so we have sense-checked pricing against multiple sold and active comparables nearby.
Accommodation comprises:
Ground floor living room, dining room and kitchen.
First floor with two bedrooms and additional reception / lounge space offering flexible layout potential.
Great location with walking distance to local amenities, bars, restaurants and transport links.
Approx. 45 minutes into Manchester City Centre.
Strong option for an investor looking for a light refurb flip or long-term BRR opportunity in a solid rental area.
DM me if interested.
Sourced reference: 981321332276996
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£165,000
Profit£23,000
ROCE16%
Purchase £ £8,000
Sales Agent
Jon Solitro
Jon Sol 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