Average estimated value for a house in B36 0ET
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 £90 per night based on up to 2 guests. Add £15 per person per night for additional 2 guests with a sofa bed in lounge giving £110 per night for 4 guests.
Revenue based on up to 2 guests at £90 per night.
Monthly Occupancy 70% = £1,911 pcm revenue
Monthly Occupancy 80% = £2,184 pcm revenue
Council Tax £125
70% = £1,911 pcm revenue - £995 expenses - 15% management fee = £778.60profit
80% = £2,184 pcm revenue - £995 expenses - 15% management fee = £1010,65 profit
70% Annual Profit = £9,552
3 Year Annual Profit = £28,656
80% Annual Profit = £11,052
3 Year Annual Profit = £33,156
PLEASE CARRY OUT YOUR OWN DUE DILIGENCE.