£ 57,000
Added: 13/01/2025
Profit pa£2,175
ROCE13%
Yield8%
Strategy: Buy to Let
An opportunity to purchase a BTL in a great area of Grimsby.
This property has multiple opportunities;
1) Rent out as a private let - £700/month with cashflow at £181.25 - with the landlord having to cover voids and maintenance
2) Put on a 2 year Supported Housing lease £600/month with cashflow at £226.25 - No voids or maintenance (Sourcing fee is £5000 if this option is taken)
The financialas:
▪ Purchase price: £57,000
▪ Refurb costs: £35,000
▪ GDV: £110,000
▪ Annual profit: £2,175
▪ ROCE: 13%
▪ Yield: 8%
Sourced reference: 972553663679987
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.
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