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£5,443
ROCE11%
Yield11%
Purchase £ £9,600
Property description
Strategy: Buy to Let
North East Vacant BTL - Ready-to-Rent - Management in Place
Make an Offer
- Turnkey, Ready to Rent, 2 Bed Property
- No Work Required.
- Popular Location Between Sunderland and Durham
- Strong Rental Demand
- No Selective Licence Required with an Experienced Local Lettings Agent in Place
- Ready to place a tenant and fully manage the property.
- Safely park your cash for a longterm growth and steady cashflow in a exceedingly difficult market.
Financial Information
Current value: £68,000
Purchase price: £68,000 (Open to Offers)
Purchase costs: £9,600
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £68,000
Monthly rent: £600
Investment required: £77,600
Gross Yield: 11%
Monthly Profit : £453.60 (After Management Fees)
Annual Profit: £5443.2 (After Management Fees)
For more information on this deal please get in-touch.
Sourced offer a comprehensive property wealth building package in one place;
1: Sourced Investment Agents - Sourcing investment opportunities for you,
2: Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
3: Sourced Finance - Access specialist property lending and mortgages, created for investors.
4: Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
Sourced reference: 982385258455873
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£5,443
ROCE11%
Yield11%
Purchase £ £9,600
Sales Agent
Matthew Matthews
Lean Property Ltd / Triple M Real Estate / Sourced Living Burton & South Derbyshire
Smart support to move your deal forward
Review the numbers
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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