BTL in Grimsby

Hands-Off Local Authority BTL Investment

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

This let to a local authority 1-bed apartment, offering 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: £525 pcm
• Annual Rental Income: £6,300
• ROCE: 25%
• Gross Yield: 16%
• Net Yield : 11%
• Gross Rent to Mortgage Cover: 420%
• Net Rent to Mortgage Cover: 296%

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
Finding an investment at £40,000 that produces a 16% gross yield, 11% net yield, and 25% ROCE, this property offers outstanding income potential from day one and is well suited to investors focused on building sustainable passive income.

At this price point, opportunities like this are becoming increasingly difficult to secure.
Whether you're starting your property journey or expanding an existing portfolio, opportunities at this price point with this level of return are becoming increasingly difficult to find.

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.