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£5,118
ROCE27%
Yield5%
Purchase £ £18,000
Property description
Strategy: Buy to Let
This 3-bedroom terraced property requires a small refurbishment and offers excellent potential for profit as a flip, while also presenting a strong buy-to-let investment opportunity.
Why this property? This is a fantastic opportunity to purchase a simple refurb project with great value increase potential. This property is significantly larger than most of its comparables, and therefor having the potential to reach untapped potential.
Exit strategy can be done as a flip or a buy to let, depending the urgency of the investor.
Due to its location, the property is expected to benefit greatly in capital growth over the next 10-20 years, due to the large investments made by the local council.
This property is in a prime location for a family home, and for working professionals.
Key local amenities:
- 0.3 miles - Morley City Centre
- 0.6 miles - Morley
- 0.1 miles - at Corporation Street - SE
- 0.2 miles - Morrisons Tingley Morley
- 0.2 miles - Morley Health Centre Surgery
- 2.4 miles - Aire Court
- 4.1 miles - The University of Leeds
Key financials:
▪ Purchase price: £190,000
▪ Refurb costs: £20,000
▪ GDV: £275,000
▪ Annual profit: £5,118
▪ ROCE: 27%
▪ Yield: 5%
▪ Purchase costs: £18,000
▪ Profit: £45,000
▪ Annual rent: £14,400
▪ Money left in: £23,750
For further information or to invest, please contact.
Sourced reference: 636118922235289
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
Profit pa£5,118
ROCE27%
Yield5%
Purchase £ £18,000
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