R2R in Norwich, High Cashflow
About this property
The proposed strategy is to lease the property from its owner and operate it under the agreed subletting model. The opportunity offers a lower ownership requirement, while performance depends on occupancy, operating costs and landlord consent.
This deal can generate high cashflow.
The property offers a high return on investment.
A great opportunity to acquire a large house offering vast space both inside and out, ideal for both short leisure and tourism stays along with corporate bookings too.
Direct to vendor.
Financial Information
Rental price (to pay): £3,200
Refurb/works cost: £0
Sourcing fee: £4,000
Monthly profit (£): £2,295
Annual profit: £27,540
Monthly rent: £6,195
Annual rent: £38,400
ROCE (%): 145%
Investment required: £11,200
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.