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5-Bed BTL in Grimsby
About this property
Investment Opportunity:
Spacious 5 bed Buy-To-Let in North East Lincolnshire, secured at 22.7% Below Market Value.
This property presents a fantastic opportunity for investors to acquire a spacious home in a prime rental location, perfectly suited for a reliable, long-term buy-to-let strategy.
Financial Overview
• Purchase Price: £85,000 (22.7% BMV)
• Surveyor’s Valuation / GDV: £110,000
• Estimated Cash Contribution: £39,200
• Refurbishment Cost: £7,700 (Includes £700 contingency)
• Gross Rental Income: £800 PCM (£9,600 annually)
• Monthly NET Income: £342
• ROCE: 20%
• Gross Yield: 9%
For further information, please get in touch.
Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.
Speak to a broker