BTL in County Durham

Tenanted Buy-to-Let Investment Opportunity

A tenanted investment property located in Shildon, County Durham, available at a fixed price of £39,999.

The property is currently achieving £425 PCM, with a long standing tenant. It has a potential market rent of £495 PCM, offering an attractive opportunity for landlord buyers seeking an income-producing asset with future rental uplift potential.

There are some remedial works required that, a full list can be supplied on request.
Estimated Refurbishment Costs: Up to £3327.26

The property currently has management in place.

Key Property Details:
-Property location: Shildon, County Durham, DL4
-Property type: Residential buy-to-let investment
-Bedrooms: 2 bedrooms plus attic room
-Tenancy status: Tenanted
-Current management: Management in place
-EPC rating: C-75
-Potential EPC rating: B-87
-Council tax band: A
-Floor Area 83 square metres.
-Gas safety expiry: 13 February 2027
-EICR expiry: 13 October 2027
-EPC expiry: 18 December 2033
-Selective licence required: Yes (In place if management retained)
-Selective licence expiry: 13 November 2027
-Last inspection date: 10 October 2025

Key Financial Details: CASH Buy
Purchase Price (Fixed) £39,999
Estimated Market Value: £42,000-£45,000
Estimated SDLT: Zero
Current Rent: £425 p/m
Annual Rent: £5,100
Gross Yield on PP: 11%
Management Fee 12%+ VAT=£61.20
Net Rent After Management= £363.80 p/m
Net Yield on PP after Management : 10%
ROCE: 9%

Estimated Market Rent: £495 p/m
Annual Rent: £5940
Gross Yield on PP: 13%
Net Rent After Management:
Net Yield on PP after Management: 11%
ROCE: 10%

Key Financial Details: After Refinance (LTV 75 % - Interest Rate 5%)
Estimated GDV: £45,000
Estimated Cash Out: £33,750
Estimated Cash Retained: £15,076.50
Estimated Monthly Interest: £140.63
Estimated Annual Interest: £1687.50

Net Rent After Management and Mortgage: £223.18 p/m
Net Rent After Management and Mortgage: £2,678.10 p/a
Net Yield: 6%
ROCE: 18%

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.