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£9,201
ROCE24%
Yield15%
Purchase £ £10,200
Property description
Strategy: HMO
A 3-bedroom HMO in the thriving DL3 side of Darlington, let to professionals. Set in the heart of the amenities, this HMO is a must have on the portfolio of any savvy investor. This is an end-terrace property in Darlington with three beds, 2 bathrooms, and living space with a kitchen. The property is refurbished and is a pure turn key project.
- Gas heating
- Council Tax Band A
- Tenure: Freehold
Parks and the local shopping areas are only a short walk away whilst Middlesborough and the coast are a short car or public transport journey.
- 3 tenanted rooms generating £1,345 PCM gross rent
- Management company currently in place and can continue
Rooms currently let at:
- Room 1: £475 PCM
- Room 2: £450 PCM
- Room 3: £420 PCM
Financials:
▪ Purchase price: £110,000
▪ Annual profit: £9,201
▪ ROCE: 24%
▪ Yield: 15%
▪ Gross revenue PCA: £16,140
Management company charges - 12.5% +VAT
Full walk through video verifies the property.
Ingoing costs includes all compliance, AML checks and fees of the agent.
Upon successful sale:
£100 payable to Lifetime Legal at the point offer is accepted, to fund legally required AML /
Proof of Funds / Source of Funds checks.
£2,900 payable to AMRP Buy To Let Advisory Services Limited on completion, processed by the buyer’s solicitor as a disbursement on completion.
Solicitors costs, surveys etc are paid for by the buyer.
For further information, please get in touch.
Sourced reference: 382863557575155
Due diligence
Would suit a cash buyer for their portfolio
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
Profit pa£9,201
ROCE24%
Yield15%
Purchase £ £10,200
Sales Agent
Steve Moyse
Meadow View (Norwich) Ltd
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