Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

Buy To Let
23% + ROI
Haycroft Street, Grimsby

 

Property Address:

 

Buy To Let - 23% + ROI - Haycroft Street
Grimsby

 

Property Details:

 
Why add this to your portfolio
  • Close proximity to Grimsby town centre
  • 23+ % ROI when re-financed
  • Existing tenant in place

 

Purchase Price is £42 000

 

The Property

  • 2 Bedroom Mid-Terrace House
  • Lounge, dining area, kitchen and bathroom downstairs

 

Rents and Tenant Demographic

  • Current tenant paying £360 pcm. Rent has not been increased in some time.
    Market rentals are in the range of £395 to £425 pcm.
  • Tenants in this area are likely to be on housing benefits or working in local industry

 

Renovations

Minor renovation required if the new investor chooses to get a new tenant.
Refurb estimated at £4 000. 
 
 

For any further details, please contact us directly.

 

Reason For Sale

 

The landlord is selling up

Financial Information:

 
  • Cashflow: £210
  • Purchase Price: £42,000
  • Estimated Refurb: £4,000
  • Estimated Value after works: £55,000
  • Market Rental: £425
  • Sourcing Fee: £3,000
  • Project Management Fee: £400
 

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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