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£8,708
ROCE25%
Yield19%
Purchase £ £100,000
Property description
Strategy: HMO
Cash-Only High-Yield HMO Investment Opportunity in North East Lincolnshire
ROCE 25%/Yield 19%
This five-bedroom, mid-terrace property in Grimsby offers a prime, "HMO-ready" opportunity for investors looking to secure a high-cash-flow asset. Recently transformed to meet local licensing standards, this property requires no further renovation, allowing for immediate HMO application and occupancy for rapid integration into an existing portfolio. With its strategic location, functional configuration and robust income potential, this asset is engineered for investors prioritising operational performance.
Financial Highlights
• Purchase Price: £110000 (Strictly Cash Purchase Only)
• Cash Investment Required: £121,500.00 (includes SDLT, legal fees, and associated costs)
• Projected ROCE: 25%
• Gross Rental Yield: 19%
• Projected Annual Rental Income: £22,020
Designed for investors seeking high-yield, low-maintenance assets in an established rental market.
Key Property Features
• Ready-Made Asset: Professionally converted to meet current HMO licensing requirements, minimising initial capital expenditure.
• Configuration: Five spacious, well-proportioned bedrooms, accompanied by an open-plan kitchen and reception area, plus a downstairs shower room.
• Condition: Features gas-fired central heating and double glazing throughout.
• Prime Location: Situated in a prominent Grimsby area with short walking distances to the town centre, local amenities and major bus routes.
• Outdoor Space: Includes a low-maintenance, enclosed rear garden, ideal for communal use.
• Council Tax: Band A.
Important Considerations
• Purchase Requirement: This property is strictly for cash purchase only.
• Strategic Advantage: No onward chain, ensuring a streamlined acquisition process for cash-ready buyers.
Full Support Package
This opportunity includes access to a comprehensive sourced support package, including:
• SPV company formation and accounting services.
• Specialist commercial finance solutions.
• Fully compliant HMO management via our local lettings network.
Next Steps
This asset is competitively priced and positioned for quick acquisition. To request full compliance documentation or to reserve this opportunity, please contact us today.
Sourced reference: 757231597284169
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£8,708
ROCE25%
Yield19%
Purchase £ £100,000
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