Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

Buy To Let OR Flip
29% ROI
Bentley Str, Cleethorpes

 

Property Address:

 

Buy To Let OR Flip - 29% ROI - Bentley Str
Cleethorpes

 

Property Details:

 
Why add this to your portfolio
 
  • Works as a Single Let or Flip
  • Walking distance to Cleethorpes High Street
  • 29% Buy-to-Let Return on Investment
  • 21% Flip Return on Investment
  • Off Market

 

Purchase Price is £47 000. House is not currently in a mortgageable state. To be bought cash or with bridging finance.

 

The Property

  • 3 Bedroom Mid-Terrace House
  • Lounge, dining room, kitchen and bathroom downstairs

 

Rents and Tenant Demographic

  • Market rentals are in the regions of £550 pcm for a done up property
  • Tenants in this area are likely to be local working families

 

Property Values in the Area

  • Similar houses done up to a good “Buy-to-Let standard” value between £90-100 000.
  • Highest recent price for a fully done up property in the area was £109 950.

 

Renovations

  • Requires full internal renovation. See photos.
  • Builders estimate is £25 000 for BTL.
  • For Flip condition, £30 000 should be budgeted.
 
 
 
For any further details, please contact us directly.

 

 

Reason For Sale

 

The sellers are going through financial difficulties

Financial Information:

 
  • Cashflow: £220
  • Purchase Price: £47,000
  • Estimated Refurb: £25,000
  • Estimated Value after works: £95,000
  • Market Rental: £550
  • Sourcing Fee: £3,000
  • Project Management Fee: £2,500
 

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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