Vacant BTL - County Durham

Vacant BTL in County Durham, DL4 - 10% Yield

Freehold | 2 Bedrooms | 2 Bathrooms | Mid-Terrace

An opportunity to acquire a competitively priced freehold buy-to-let property in Shildon, County Durham. The property is currently vacant previously achieved £450 PCM, with current market evidence supporting approximately £495 PCM. This investment is suitable for landlord buyers seeking strong yield, value-add potential and low entry price point.

Key financial details:
▪ Purchase price: £52,000
▪ GDV: £60,000
▪ Refurb costs: £2,200 (with contingency)
▪ Annual profit: £4,490
▪ ROCE: 12%
▪ Gross yield: 10%

▪ Estimated BMV: 10% or £6000
▪ Current market rent: £495
▪ Annual rent: £5940
▪ Gross monthly profit: £374.22

Property Details
- 2-bedroom mid-terrace
- 2 bathrooms
- Gas central heating
- Council Tax Band A
- Freehold tenure
- Selective Licence required (Durham Council)
- Selective Licence currently held until 31/03/2027

Condition & Works Identified
- Mould Treatment to Lounge Wall
- Kitchen Flooring adjustment/ replacement required
- Bathroom light switch repair
- Recycling bin provision

For more information on this deal please get in-touch.
Sourced offer a comprehensive property wealth building package in one place;

1: Sourced Investment Agents - Sourcing investment opportunities for you,
2: Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
3: Sourced Finance - Access specialist property lending and mortgages, created for investors.
4: Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.