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£4,275
ROCE26%
Yield6%
Purchase £ £15,600
Property description
Strategy: Buy to Let
20% BMV Deal in Leicester
The property requires a light cosmetic refurbishment and presents an excellent opportunity to a property in a great area with very little capital left in the deal. The apartment features 2 bedrooms and a total area of 46sqm.
Based in Leicester City Centre, rental demand and occupancy for this unit are both very high, especially for professionals and students in the area.
Financials:
▪ Purchase price: £96,000
▪ GDV: £140,000
▪ Refurb costs: £5,000
▪ Annual profit: £4,275
▪ ROCE: 26%
▪ Yield: 6%
▪ Purchase costs £15,600
▪ Annual Rent £10,500
Location:
- 1.4 miles - Leicester City Centre
- 1.0 miles - Leicester
- 0.1 miles - adj - London Road - SE
- 0.3 miles - Co-op Leicester - London Road
- 0.2 miles - Springfield Road Surgery
- 0.3 miles - Stoneygate Eye Hospital
- 0.6 miles - The University of Leicester
- 0.0 miles - Leicester Islamic Academy (Not applicable, 3 to 11, Mixed)
For further information, please get in touch.
Sourced reference: 932747126311354
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£4,275
ROCE26%
Yield6%
Purchase £ £15,600
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