R2RSA in Sheffield

Sourced are pleased to present another fantastic opportunity, a 4-bed house for R2RSA in Sheffield. The house benefits from 4 double bedrooms and 4 modern bathrooms. Situated a short walk away from the city centre and a short drive to the Peak District, the property could not be in a better location.

The unit will comfortably be able to sleep up to 10 guests. The total rent payable for the unit is £1,900 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

This investment will be fully managed by our managing agent, making it as hands-off as possible for you. The property has already been part-furnished by the landlord, so all that is required is some additional furniture, soft furnishings, interior design and property set up which our managing agent has provided an estimate of £3,000 for (subject to formal quotation). 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.

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

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

The Financials
▪ Rent: £1,900
▪ Ongoing monthly costs (including approx. bills): £448
▪ Average nightly rate: £229
▪ Revenue at 70% occupancy: £4,876
▪ Revenue at 85% occupancy: £5,921

▪ Deposit: £1,900
▪ Sourcing fee: £4,250
▪ Interior Design, Soft Furnishings & Set-up Costs: £3,000
▪ Total Upfront Cash Required: £9,150

▪ Monthly profit at 70%: £1,173
▪ Annual profit at 70%: £14,078
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £42,235

▪ Monthly profit at 85%: £1,928
▪ Annual profit at 85%: £23,133
▪ Profit over 5 years at 85% (assuming no increase in nightly rates): £69,399

▪ ROCE over 1 year at 70%: 154%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 462%
▪ Months till profit: 8