Rent 2 Rent in Leeds, Centrally Located
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.
This property is in close proximity to major local amenities such as schools, transport links, and vibrant shopping hubs, thereby ensuring daily essentials are easily accessible.
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 apartment immediately next to Leeds Arena, benefitting both from a central location for all city amenities and high demand for arena events.
All furniture is priced into the deal, which includes a super king sized bed which is popular for guests.
Financial Information
Rental price (to pay): £1,200
Refurb/works cost: £0
Sourcing fee: £4,000
Monthly profit (£): £860
Annual profit: £10,320
Monthly rent: £2,310
Annual rent: £27,720
ROCE (%): 96%
Investment required: £7,900
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.