BMV in Grimsby
About this property
BMV Buy-to-Sell in Grimsby - High Cashflow
Stanley Street, Grimsby DN32 7LQ
▪ Purchase price: £50,000
▪ Market valuation: £71,000
▪ Rightmove valuation: £80,000
▪ Zoopla valuation: £71,000
▪ Hometrack valuation: £71,500
▪ Approx. 36% Below Rightmove Valuation
▪ Approx. 29.5% Below Market Value
3 Bed Terrace | Freehold
- 117 sqm
- Tenant in Situ
- No Refurb Required
▪ Rental Income: £550 PCM
▪ Gross Yield: 9.3%
▪ Total Investment Required: Approx. £57,500
(Including stamp duty, sourcing fee, legal fees & survey)
- 28 Day Completion
- Cash or Bridging Only
- Strong cashflowing BTL opportunity with tenant already in place and very little capital left in after refinance.
DM me if interested.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.