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£192,000
Profit£39,700
ROCE26%
Purchase £ £9,300
Property description
Strategy: Buy to Sell
Coastal Opportunity – 27% BMV!
9 Village Close, Bexhill-on-Sea, East Sussex, TN39 4TF
2 Bed Ground Floor Flat | Leasehold
Currently Tenanted at £900pcm
966 Years Remaining on Lease
Excellent Transport Links
10 Minutes to the Beach
**Purchase Price:** £140,000
**Hometrack Value:** £192,000
**Approx. 27.1% Below Market Value**
**Ground Rent:** £50 per annum
**Service Charge:** £3,000 per annum
**Refinance Example:**
Estimated Value: £192,000
75% LTV Refinance: £144,000
Estimated Money Left In Deal: Approx. £8,300
**Key Selling Points:**
• Tenant in situ producing immediate income
• 966-year lease remaining
• Ground floor apartment
• Standard construction
• Public transport within walking distance
• Local amenities, pubs & restaurants nearby
• Only 10 minutes from the beach
• Excellent turnkey buy-to-let investment
Cash or bridging
Sourced reference: 983382953875176
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£192,000
Profit£39,700
ROCE26%
Purchase £ £9,300
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