R2RSA in Gloucester

Sourced are pleased to present another exceptional opportunity to take on a stunning 3-bed House for R2RSA in heart of Gloucester 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 £1,850 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 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 £4,000

The financials:
▪ Rent: £1,850
▪ Ongoing monthly costs (including approx. bills cost)*: £412
▪ Average nightly rate: £250
▪ Revenue at 70% occupancy: £5,324
▪ Revenue at 85% occupancy: £6,464

▪ Deposit: £1,850
▪ Sourcing fee:£4,000
▪ Furniture: £7,500
▪ Total Upfront Cash Required**: £13,350

▪ Monthly profit at 70%: £1,582
▪ Annual profit at 70%: £18,985
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £56,956

▪ Monthly profit at 85%: £2,406
▪ Annual profit at 85%: £28,870
▪ Profit over3 years at 85% (assuming no increase in nightly rates): £86,610

▪ ROCE over 1 year at 70%: 142%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 427%
▪ Months till profit: 9