Low Cost BTL - Grimsby

Local Authority Let BTL Investment | £40,000| 21% ROCE |14% Gross Yield

Looking for an affordable, cash-flowing investment with minimal day-to-day management?

This local authority-let 1-bed apartment offers a low entry price and stable income, making it ideal for both new and experienced investors looking to diversify their portfolio.

Investment Summary
• Purchase Price: £40,000
• Total Cash Invested: £18,000(incl deposit, legal, SDLT & fees)
• Monthly Rental Income: £475 pcm
• Annual Rental Income: £6,300
• ROCE: 21%
• Gross Yield: 14%
• Gross Rent to Mortgage Cover: 380%
• Net Rent to Mortgage Cover: 256%

Why Investors Like Local Authority Leases
• Reduced day-to-day landlord involvement
• Professionally managed tenancy arrangements
• Lower management burden than many traditional buy-to-let investments
• Ideal for investors seeking predictable, long-term cash flow
• Excellent addition to a growing property portfolio

Why This Deal Stands Out
Properties at this price point delivering a 14% gross yield, 10% net yield, and 21% ROCE, this investments offer an excellent balance of affordability, cash flow and long-term income potential.
Whether you're building your first portfolio or expanding an existing one, this is a compelling opportunity to secure a high-yield investment backed by a local authority lease.

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.

Next Steps
This asset is competitively priced and positioned for quick acquisition. To request financial analysis and local authority lease details or to reserve this opportunity, please contact us today.

*Subject to the terms and conditions of the Local Authority lease agreement