Rent 2 Rent in Gloucester, High Occupancy
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 agent has highlighted that this deal is projected to achieve a high occupancy rate due to high demand in the local area.
The agent has highlighted that this deal offers a high return on capital employed, allowing your investment to work hard in generating you income.
A great opportunity to acquire a rent to rent ground floor maisonette in a central location, benefitting from significant demand from tourists and corporate bookings.
There is a large amount of improvement works going on in and around Gloucester, particularly highways, which is expected to generate high demand from contractors in the coming years.
The property is one of the largest in the block and includes a rear terrace, along with very large living space which houses a games area/table.
Financial Information
Rental price (to pay): £1,350
Refurb/works cost: £0
Sourcing fee: £4,000
Monthly profit (£): £1,050
Annual profit: £12,600
Monthly rent: £2,730
Annual rent: £32,760
ROCE (%): 99%
Investment required: £9,350
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.