Sourced Property : Mark Barrett on Building a Property Pipeline With Sourced Property
How to use this video
This introduction video provides an overview of the Sourced Property franchise and how the business is positioned. As you watch, focus on the core concept, target customer, and the role of the franchise owner. If it seems like a potential fit, the next step is to request more information and speak directly with the franchisor.
About This Video
Sourced Property UK | Back to Brick Renovation in Wales | Funded by Sourced Sourced Property UK partner Nathan Griffis, owner of Sourced West Cross in Downing Swansea, walks viewers through a back-to-brick three-bedroom terrace renovation — his sixth or seventh refurb-and-flip project through the Sourced franchise. The video pairs deal economics with site walkthrough footage of the property mid-renovation. Nathan's deal is concrete and clean. He bought the three-bed extended terrace for £55,000 — large for the street, but in poor structural condition needing roof replacement and a full internal strip. He budgeted £35,000 to £38,000 for the refurb and borrowed £91,000 from Sourced Capital, the franchise's investor-introduction finance arm, to cover purchase plus refurb. A surveyor at conveyancing valued the gross development value at £130,000. Pre-refurb numbers projected £25,000 profit; the local property boom since acquisition has added a further £15,000 to £20,000 to the GDV. Exit plan is a straight open-market sale to the highest bidder once the refurb completes. Nathan's positioning of Sourced is partner-experienced rather than newcomer. He references the value of Sourced Capital paying for the deal upfront — a mechanism that lets a partner take on a refurb without full cash deployment — plus the always-on phone access to the Sourced HQ support team when execution questions surface. He flags ongoing initiatives and training as adding value to the partner network as well, even at his experienced operator level. For a Sourced Property UK candidate, Nathan's case study is a real-world walkthrough of what the partner deal economics look like at the project-execution level — purchase price, refurb budget, GDV uplift, exit plan and the role of Sourced Capital and the HQ team in making the deal financeable and supported. A Sourced Property UK partner can build a back-to-brick flip pipeline using Sourced Capital and HQ support as the operating backbone.