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£325,000
Profit£0
ROCE182%
Purchase £ £TBC
Property description
Strategy: Unreg Property Loans
Flip Deal in Six Ashes, 20% Return PCA
Unregulated Property Loan Agreement Opportunity.
Experienced in development projects, sourced partner David McDermott is seeking to complete a refurbishment-led flip. With years of contracting experience and an established in-house team of skilled trades, David and his team aim to refurbish the property to a high standard and sell on to an end-user family, providing a clear and secure exit strategy.
The property is a three-bedroom semi detached home located in Six Ashes Bridgnorth. While currently requiring cosmetic refurbishment throughout, the proposal includes reconfiguring the ground floor to create a more open-plan living space and the possibility to add another bedroom on the ground floor. Finishes will be of a high specification throughout.
Investment Financials
▪ Required Investment: £60,000
▪ Return: 20% PCA
▪ Security: Second charge, with repayment upon sale.
▪ Minimun investment: £30,000
▪ Expected term: 12 Months
Property Financials
▪ Purchase price: £150,000
▪ Refurb costs: £80,000
▪ GDV: £325,000
▪ Profit: 70,750
For further information or to invest, please contact david.mcdermott@sourced.co
Sourced reference: 295176524741512
Due diligence
No information supplied.
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
GDV£325,000
Profit£0
ROCE182%
Purchase £ £TBC
Sales Agent
David McDermott
McDermott Developments & Co
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