2-Bed R2RSA in Tooting
About this property
2-Bed Apartment in Tooting, London
An excellent serviced accommodation opportunity available on a long-term corporate lease, ideal home-from-home feel for Serviced Accommodation.
The apartment has its own private garden and off-road parking
Financials with 70% occupancy – Including Cleaning, Excluding management fees:
Monthly profit: £970
Annual profit: £11,640
ROCE: 101%
Monthly Rent: £2,250
Estimated Monthly Bills: £350
Deposit: 5 weeks Rent
Sourcing Fee: £4,000
Investment required: £6,250
I’d be happy to discuss this further with you
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.