BTL in NE Lincolnshire

Property Description

Strategy: BRRR (Buy, Refurbish, Refinance, Rent)
2-Bed Mid Terrace Project in Grimsby
Investment Area: Grimsby, North East Lincolnshire
BMV (Below Market Value), Buy to Refinance

Traditional mid terrace house offering significant potential for value-add through a structured BRRR strategy.

Key property details:
• Status: Vacant possession / No chain
• Type: Traditional Terrace

The Financials:
▪ Purchase price: £35,000
▪ GDV: £90,000
▪ Refurb costs: £35,000
▪ Annual profit: £6,825
▪ ROCE: 28%
▪ Yield: 12%

▪ Total Invested Capital: £63,900
▪ Gross rent: £10,800 per annum (£900pcm)
▪ Projected rent: £900pcm

This mid-terrace house is a prime candidate for a repositioning project. The property currently generates strong interest, and after refurbishment, the The current asking price offers an entry point well below similar sold prices in the area, providing the necessary scope to refinance and significantly optimise your Return on Capital Employed (ROCE). We will initiate negotiations on your behalf, subject to contract, proof of funds and AML checks being in place.

Why Invest with Sourced?
Sourced offers a comprehensive property wealth-building package in one place:
• Sourced Investment Agents: Sourcing investment opportunities tailored to your criteria.
• Sourced Enterprise: Limited company and SPV formations with tax-efficient portfolio structuring and accounting solutions.
• Sourced Finance: Access specialist property lending and mortgages, created specifically for investors.
• Sourced Lettings: Seamlessly integrate property management using our nationwide lettings management service.

If you are interested in this or similar opportunities, please get in touch.