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£3,750
ROCE87%
Yield17%
Purchase £ £6,140
Property description
Strategy: Buy to Let
Cheap BTL in Grimsby
Cheap 2-bedroom flat for BTL investors. Light refurbishment required. Good yield with either private rent or social housing possibilities. Comes with a private garage. Cash buyer required with easy to swap to BTL mortgage. 50 years on Leasehold remaining with the option to increase this for increase in sales price.
The financials:
▪ Purchase price: £20,000
▪ GDV: £35,000
▪ Refurb costs: £4,400
▪ Annual profit: £3,750
▪ ROCE: 87%
▪ Yield: 17%
Sourced reference: 546275452583864
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£3,750
ROCE87%
Yield17%
Purchase £ £6,140
Sales Agent
Steve Moyse
Meadow View (Norwich) 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