BTL in Cleethorpes

Hands-Off Local Authority BTL Investment

Looking for an affordable, cash-flowing investment with minimal day-to-day management?
This let-to-local-authority 1-bed property offers a low entry price and stable income, making it ideal for both new and experienced investors looking to diversify their portfolio.

Investment Summary
• Estimated Property Value: £48,000
• Purchase Price: £45,000
• Total Cash Invested incl deposit, legal, SDLT, fees etc: £19,500
• Annual Rental Income: £5,700*
• Annual Net Cash Flow: £3,540
• ROCE: 21%
• Gross Yield: 12.0%
• Mortgage Cover: 317% Gross / 197% Net

Why Investors Like Local Authority Leases
• Stable, long-term rental income*
• Reduced tenant management compared with traditional buy-to-lets
• Lower void risk than many private rentals*
• Professionally managed tenancy arrangements
• Attractive option for investors seeking predictable cash flow
• Low purchase price with strong rental yield

Full Support Package
This opportunity includes access to a comprehensive sourced support package, including:
• Sourced Enterprise – Full limited company SPV and accounting solution
• Sourced Finance – Specialist lending not available on the high street
• Sourced Living - Fully compliant lettings management service
• Legal conveyancing team available if required.

*Subject to the terms and conditions of the local authority lease agreement.