Latest Valuation
£
ROCE
541%
Selling Agent
Sourced Shahid Aslam

541% ROCE – R2R 3 Bed SA in Manchester

This property has been fully furnished and consists of 3 bedrooms.
Guide Price
£1,000

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Key Features

  • Great monthly cash flow of £1,015
  • ROCE over 3 years: 541%
  • Free parking
  • Fully furnished
  • 1.5 miles to Manchester City Centre
  • 12-15 minutes drive to Media City / Manchester United / Manchester City / Old Trafford

The Property

Sourced are proud to present this excellent rent to rent serviced accommodation, with an enormous ROCE of 541% over 3 years.

Fully furnished 3 bed apartment in Manchester M15 6GF.

Profit per month at 70% occupancy: £1,015 pcm (based on 3 guests).

ROCE year 1: 180% (£1,015 x 12 = £12,180).

ROCE year 3: 541% £36,540 profit.

Investment required:

Sourcing fee: £4,000
Rent: £1,000 pcm
Deposit: £1,000
Decor + furnishings: £1,500
Total: £7,500

Please see 'Market statistics' to see more details on the profits.

Planning Information

N/A

The Plan

Rent to rent serviced accommodation in Manchester close to the city centre.

£1,015 pcm profit based on 3 guests at 70% occupancy on managed basis.

ROCE over 3 years: 541% £36,540 profit.

3 bed apartment Manchester.

1.5 miles from the city centre.

Recently refurbished.

Private parking & CCTV cameras.

Perfect for contractors, city breaks & working professionals.

Hands-off business model if operated by management company which we can introduce you to.

The Location

The property is in sought after area of Hulme, just 1.5 miles from Manchester city centre.

Very close to the popular Oxford Road & Wilmslow Road where you will find a whole host of restaurants, cafes, bars, supermarkets & public transport just a short walk away.

5 minutes drive to city centre or 10 minutes on bus.

The property is also within walking distance to below:

Whitworth park

Manchester Royal Infirmary, St Mary's Hospital & Eye Hospital

Manchester University & Manchester Metropolitan University

Manchester Museum

Manchester Aquatics Centre

Manchester Conference Centre

Royal Northern College of Music

Northern Ballet School

15 minutes drive to Media City

15 minutes drive to Manchester United

12 minutes drive to Manchester City Stadium

12 minutes drive to Old Traffod Cricket Ground

Average estimated value for a house in M15 6GF

£

Figures are based on annual averages since this is a seasonal business & spring/summer months will achieve higher nightly rates & occupancy levels than winter months.

The averages are based on 12 months bookings.

Cleaning fee is paid by guests in addition to the nightly rate when they make their booking.

If business is operated & marketed correctly, then over 80% occupancy can be achieved.

Average rate of £120 per night based on 3 guests.

Add £15 per person per night, for additional 1 guest with a sofa bed in lounge giving £135 per night for 4 guests.

Revenue based on 3 guests at £120 per night.

Monthly occupancy 70% = £2,555 pcm revenue.

Monthly occupancy 80% = £2,920 pcm revenue.

Costs pcm:

Rent: £1,000
Council tax: £110
Gas/electricity: £150
Wifi: £25
Total: £1,285

70% = £2,555 pcm revenue - £1,285 expenses - £255.50 10% management fee = £1,015 pcm profit managed.

70% = £2,555 pcm revenue - £1,285 expenses = £1,270 pcm profit self managed.

80% = £2,920 pcm revenue - £1,285 expenses - £292.20 10% management fee = £1,342.80 pcm profit managed.

80% = £2,920 pcm revenue - £1,285 expenses = £1,635 profit self-managed.

Please carry out your own due diligence.