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£4,028
ROCE14%
Yield10%
Purchase £ £70,000
Property description
Strategy: Buy to Let
Low-cost High-Yield BTL Opportunity in North East Lincolnshire
Yield: 10% ROCE: 14%
This three-bedroom, mid-terraced house presents a compelling "buy-to-let" opportunity in a well-connected Grimsby location just stone throw away from the town centre. Currently yielding 10%, this property is already generating immediate rental income with reliable long-term tenants in situ, making it a functional and efficient addition to a residential investment portfolio. Whether you are looking for a straightforward, income-producing asset or a property with future potential, this home offers solid fundamentals in a popular area.
Key Property Features
• Ready-to-Go Investment: Currently tenanted at £600 per calendar month (PCM), providing immediate cash flow upon purchase.
• Strategic Location: Situated with convenient access to Grimsby town centre and local amenities.
• Functional Layout: Spacious accommodation spread over two floors, featuring two reception areas, a kitchen, and a bathroom on the ground floor, with three bedrooms and a second bathroom on the first floor.
• Outdoor Space: Benefits from both front and rear gardens, enhancing appeal
Financial Highlights
• Purchase Price: £70,000
• Cash Investment Required: £32,500(includes SDLT, legal fees, and associated costs)
• Gross Rental Yield: 10%
• ROCE: 14%
• Annual Rental Income: £7,200
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: 971848485383634
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£4,028
ROCE14%
Yield10%
Purchase £ £70,000
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