Renovation and Sell

Renovation and Sell - Newark on Trent

Here’s a fantastic opportunity in Newark a renovation project that promises great returns. For just £120,000 purchase price and a £15,000 refurbishment budget, this property is set to reach a GDV of £185,000+. Perfect for a straightforward uplift in a growing area. After sale, you can expect a profit of £38,000+, delivering a solid 21% ROI (cash purchase figures). Talk to Sourced finance to find out the cost of funding the deal.
Newark-on-Trent is a historic market town in Nottinghamshire, blending medieval charm with modern convenience. Famous for its ruined castle and vibrant Georgian marketplace, it provides an excellent quality of life with fantastic commuter links, a rich local culture, and beautiful riverside surroundings.
Newark has two train stations. Newark North Gate sits on the East Coast Main Line, offering direct train access to London King's Cross in about 1 hour and 20 minutes. Newark Castle Station provides regional links to Lincoln, Nottingham, and Leicester.
Perfect for drivers, the town sits directly at the intersection of the A1 and A46, providing easy routes north to Yorkshire and south toward London and the south of England.

Key property details:
- 3 Bed End Terrace house
- Large corner plot
- Desirable location
- Multi car parking
- Council tax band A
- Vacant possession
- Close to amenities

Key Figures:
▪ Purchase price: £120,000
▪ GDV: £185,000
▪ Refurb costs: £15,000
▪ Purchase costs: £7,500
▪ Profit once sold: £38,000
▪ ROCE: 26% (cash purchase)

Sourced offers a comprehensive property wealth-building package in one place:
• Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
• Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
• Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
• Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.

Here is a link to more of my property deals https://sourced.co/partner/michaelparry/properties/?page=1

If you are interested in this or similar opportunities, please get in touch.