Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

Buy To Let
23+% ROI
Convamore Road, Grimsby

 

Property Address:

 

Buy To Let - 23+% ROI - Convamore Road
Grimsby

 

Property Details:

 
Why add this to your portfolio
  • Popular location for rental
  • 28% Below Done Up Market Value
  • 23+ % ROI when re-financed
  • Off Market - Direct to Vendor

 

Purchase Price is £45 000 (if bought cash) or £46 500 (if bought with a mortgage).

 

The Property

  • 3 Bedroom Mid-Terrace House
  • Open plan lounge and dining area, kitchen and bathroom downstairs

 

Rents and Tenant Demographic

  • Market rentals are in the range of £425 pcm
  • Tenants in this area are likely to be on housing benefits or working in local industry

 

Renovations

Approx. £5 000 of work is required. 
 
 

For any further details, please contact us directly.

 

Reason For Sale

 

The landlord is selling up

Financial Information:

 
  • Cashflow: £195
  • Purchase Price: £45,000
  • Estimated Refurb: £5,000
  • Estimated Value after works: £62,500
  • Market Rental: £425
  • Sourcing Fee: £3,000
  • Project Management Fee: £500
 

What do I do next?

  1. Carry out your own due diligence
  2. Contact us and pay £500 to reserve the property
  3. Complete and sign our sourcing agreement
  4. We will then instruct our team to commence the purchase on your behalf

We can assist you with the project management of the works and offer full management on the rental side


Contact Details:

 

Contact:

Alex Demianenko

Telephone:

+44 (0)121 285 9377

Email:

info@investingnorth.co.uk


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