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£11,439
ROCE26%
Yield21%
Purchase £ £45,100
Property description
Strategy: HMO
Fully Licensed 5-Bed HMO in Grimsby
Turnkey HMO generating a 21% yield and 26% ROCE. A fully operational and income producing HMO offering immediate cash flow from day one with the potential for future capital growth and refinancing opportunities.
Key Metrics at a Glance
▪ Purchase price: £127,000
▪ GDV: £135,000
▪ Annual profit: £11,439
▪ Gross yield: 21%
▪ ROCE: 26%
▪ Annual rent: £26,472
▪ Purchase costs: £4,510
▪ Sourcing fee: £4,000
▪ Total investment required: £45,100
▪ Money left in the deal after refinance: £45,100
Key Features
• Five bedroom fully licensed HMO
• Five year HMO licence in place and approved by the local authority
• Fully tenanted with established occupants
• No refurbishment works required
• Fully compliant with current HMO regulations, fire safety requirements and certification standards
• Furnished and operational from completion
• Current rental income of £2,206 per calendar month
Location and Growth Potential
The area continues to benefit from significant public and private sector investment, including major regeneration, renewable energy and digital infrastructure projects. These initiatives are helping to drive employment growth, attract new residents and support strong demand for quality rental accommodation.
With a low entry price point and strong rental performance, this asset offers investors the opportunity to secure immediate income alongside long term growth potential.
Complete Investment Support Package
Sourced provides a comprehensive support package including SPV company formation and accounting services, specialist commercial finance solutions and fully compliant HMO management through its local lettings network.
To request the tenancy schedule, compliance documents or to reserve this opportunity, contact us today.
Sourced reference: 367878154192843
Due diligence
No information supplied.
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£11,439
ROCE26%
Yield21%
Purchase £ £45,100
Sales Agent
Smijo Peter
Crestora Property Group Ltd
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