5-Bed HMO in Grimsby

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.