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20.7% ROCE – Portfolio Investment Opportunity

All the properties in this portfolio have been fully refurbished to a high standard and are fully tenanted.
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Key Features

  • Reduced by £40k
  • Turnkey investment
  • Fully tenanted
  • Close to amenities
  • Good transport links
  • Direct to vendor

The Property

Sourced are excited to present this excellent turnkey portfolio of 11 lease-hold apartments, with a huge ROCE of 20.7%.

Reduced by £40,000.

This is the portfolio opportunity of lockdown.

Offering between 1 and 2 bed apartments and 1 x 2 bed terraced house.

All the properties in this portfolio have been refurbished to a high standard, and as such are fully tenanted offering a completely hands-free investment opportunity.

With great transport links and local amenities within walking distance, it's easy to see why this portfolio is fully tenanted.

6 of the 11 apartments are in three blocks, making them freehold, a simple title split will add value.

Figures assuming a 25% mortgage.

Total cash investment - £166,500

Gross annual rental income - £52,536

Net annual cash flow - £26,661

ROCE (post refinance) - 20.7%

Planning Information


The Plan

A portfolio of 11 leasehold apartments and 1 freehold 2 bed house.

With all the properties being ideally located for transport links and local amenities, this portfolio is a totally hands off investment opportunity.

Fully tenanted and managed. The gross annual rental income of £52,536 can provide a good replacement income.

The Location

The properties are located in Newcastle, a city situated on the north bank of the River Tyne in the north-east of England.

It lies 103 miles south of Edinburgh and 277 miles north of London.

Newcastle is the largest city in the north east of England and forms part of the Tyneside conurbation, which is the 8th largest urban area in the United Kingdom.

With Newcastle International Airport 20 minutes from the city, its transport links will appeal to commuters and professional people, as well as visitors wanting to.

Average estimated value for a house in NE28 6NJ


Newcastle and the surrounding region, have a projected population of almost 2.75 million by 2030 and with a projected £1.5 billion of investment planned in the area.

It's easy to see why more and more people are investing in the area.