BRRR in Shildon

13% Yield BRRR in the North East

Prices are creeping up in this area, this ones a chance to add your own value. Needs a bit of tlc to become fully tenant ready, we have allowed a generous £7,500 for work towards the kitchen and bathroom, redecoration and floor coverings. Anticipated rent £500pcm.

FINANCIALS
 Purchase Price: £47,950
 Refurbishments: £7,500
 Investment Required : £27,085 with 75% LTV
 Income: £500.pcm / £6000p/a
 Profit: £350.pcm / £4,200p/a
 ROCE: 16%
 Gross Yield: 13%

 Sourced offer a comprehensive property wealth building package in one place;
 Sourced Investment Agents - Sourcing investment opportunities for you,
 Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
 Sourced Finance - Access specialist property lending and mortgages, created for investors.
 Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.

For further information, get in touch.