Rent-2-Rent in Brighton

Sourced are pleased to present another fantastic opportunity to take on a 3-bed flat for R2RSA in Brighton. The unit benefit from 3 good-sized bedrooms, 2 full bathrooms, a spacious open-plan living and dining area as well as free on-street parking. The property is in a fantastic location, just a short 10-minute walk from Brighton Pier. The city centre is also easily accessible as are various other amenities.

The unit will comfortably be able to sleep up to 8 guests. The total rent payable for the unit is £2,350 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

The unit is available on a 3-year contract. This investment will be fully managed by our managing agent, making it as hands-off as possible for you. We'll also get you set up on our online platform so you have full visibility of bookings/revenue. The management fee is 14% + VAT of net revenue. This includes full management covering everything from check-ins, check-outs, cleaning and maintenance.

You can pay for the furniture in cash which will be £7,000 inc. VAT. Alternatively, you can utilise a different form of funding you have access to such as a credit card, bank loan or asset finance.

Pictures, location details and a detailed financial breakdown are available on request.

Sourcing fee of £4,000 inc. VAT applies.

The Financials
▪ Rent: £2,350
▪ Ongoing monthly costs (including approx. bills): £388
▪ Average nightly rate: £290
▪ Revenue at 70% occupancy: £6,175
▪ Revenue at 85% occupancy: £7,499

▪ Deposit: £2,350
▪ Sourcing fee: £4,000
▪ Furniture: £7,000
▪ Total Upfront Cash Required: £13,350

▪ Monthly profit at 70%: £1,721
▪ Annual profit at 70%: £20,654
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £61,962

▪ Monthly profit at 85%: £2,677
▪ Annual profit at 85%: £32,120
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £96,361

▪ ROCE over 1 year at 70%: 155%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 464%
▪ Months till profit: 8

Financial Information
Monthly rental cost: £2,350
Sourcing fee: £4,000
ROCE (%): 155%
Investment required: £13,350