What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£6,705
ROCE23%
Yield14%
Purchase £ £9,300
Property description
Strategy: Buy to Let
Triple Profit BRRR in Lincolnshire
Want to generate TRIPLE the rental income on what would be a standard Buy-to-Let Opportunity?
For small extra costs in refurbishment with this unique strategy, the chosen property is incredibly well suited in layout and in nature.
This strategy has been implemented in many other properties and the result - Instead of only £160 net profit per month, this strategy increases the earnings of this property to £550 per month, providing over 3x increase. To find out more, get in touch now!
This property is located in a desirable area inside Grimsby. The property features Gas Central Heating and Double Glazing. Conveniently located, the property is just a short walk to local amenities and offers easy access to the A180 motorway and town centre.
Rental demand in Grimsby, is currently strong and robust, consistently outstripping the supply of available properties. This high demand is driven by several factors, including a growing population, an under supply of new housing, and a decrease in the number of available rental homes in recent years. Vacant possession and offered with no onward chain.
The financials:
▪ Purchase price: £42,000
▪ Refurb costs: £33,000
▪ GDV: £90,000 with comparables
▪ Annual profit: £6,705
▪ Yield 14%
▪ ROCE 23%
▪ Purchase costs: £9,300
▪ Monthly rental profit: £558
Sourced reference: 173338197646824
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£6,705
ROCE23%
Yield14%
Purchase £ £9,300
Sales Agent
Michael Parry
SILKSTONE ESTATES LIMITED
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network