Sourced are excited to present this buy-to-let conversion opportunity with an option of adding value by adding an extra bedroom located in Warrington. This mid-terrace property currently comprises 2 reception rooms and a kitchen on the ground floor and 2 bedrooms plus a family bathroom on the first floor.
The property will undergo a full refurbishment overseen by our highly experienced in-house project manager. The house will be finished to a high standard to create a modern family home with 3 bedrooms and a newly fitted kitchen and bathroom.
A great BTL opportunity with option of adding value by way of creating an extra bedroom.
Popular location for BTL properties with low rental stock currently on the market.
To convert the bathroom into a 3rd bedroom and create a new bathroom between bed 1 and 2nd bedroom and it is let out with a local agent with a rental income of £650-£700 pcm.
Purchase price: £80,995
Current value: £85,000
Refurb cost: £15,000
Sourcing fee: £3,950
Rental income: £7,800 pa
Total cash investment: £104,500
The property is close to amenities and has great transport links.
0.5 mile to Tesco Extra.
Yards to co-op on Forster street.
There are also numerous parks and schools with a mile of the house.
Average estimated value for a house in WA2 7AX
Properties in WA2 had an overall average price of £154,931 over the last year.
The majority of sales in WA2 during the last year were semi-detached properties, selling for an average price of £156,732. Terraced properties sold for an average of £108,525, with detached properties fetching £300,295.
Overall, sold prices in WA2 over the last year were 2% up on the previous year and 11% up on the 2017 peak of £140,196.
Sourced are a member of The Property Redress Scheme. Membership No. PRS010027
Your capital is at risk and you may lose all you lend. Peer to Peer investments are not covered by the FSCS. Legal charges secured against UK property, property values may go up or down. Investments are illiquid. See out Risk Statement at www.sourcedcapital.co for more information.
Sourced is the trading name of Jark-1 Limited which is an Appointed Representative (ref. no. 826510) of rebuildingsociety.com Ltd, a firm authorised and regulated by the Financial Conduct Authority. Jark-1 Limited is registered at Capital House, 6 Webster Court, Westbrook, Warrington, WA5 8WD. Jark-1 Limited is a member of The Property Redress Scheme (Membership No. PRS010227).