R2RSA in Newcastle

Sourced are pleased to present another exceptional opportunity to take on a stunning 3-bed House for R2RSA in heart of Newcastle on a 3-year agreement. The unit benefits from 3 bedrooms, living room and dining area and 1 bathroom and has been fully refurbished to a lovely standard. The property is in a fantastic location.

The unit will comfortably be able to sleep up to 8 guests. The total rent payable for the unit is £1,000 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 5-year contract. This investment can be fully managed by our managing agent or self-manged making it as hands-off or hands on 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.

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

Sourcing fee of £3,750

The financials:
▪ Rent: £1,000
▪ Ongoing monthly costs (including approx. bills cost)*: £327
▪ Average nightly rate: £150
▪ Revenue at 70% occupancy: £3,194
▪ Revenue at 85% occupancy: £3,879

▪ Deposit: £1,000
▪ Sourcing fee:£3,750
▪ Furniture: £6,500
▪ Total Upfront Cash Required**: £11,250

▪ Monthly profit at 70%: £979
▪ Annual profit at 70%: £11,754
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £35,261

▪ Monthly profit at 85%: £1,474
▪ Annual profit at 85%: £17,684
▪ Profit over3 years at 85% (assuming no increase in nightly rates): £53,053

▪ ROCE over 1 year at 70%: 104%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 313%
▪ Months till profit: 12