R2RSA in Bracknell

Sourced are pleased to present another fantastic opportunity to take on a 4-bed house for R2RSA in Bracknell. The unit benefits from 4 stunning bedrooms, a spacious living area, a games room and off-road parking. The property is ideally located on quiet street but is also a 5-minute walk away from the town centre.

The unit will comfortably be able to sleep up to 9 guests. The total rent payable for the unit is £2,500 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

The unit is available on a 3-year contract. This investment will be fully managed by our managing agent, making it as hands-off as possible for you. We'll also get you set up on our online platform so you have full visibility of bookings/revenue. The management fee is 14% + VAT of net revenue. This includes full management covering everything from check-ins, check-outs, cleaning and maintenance.

You can pay for the furniture in cash which will be £6,000 inc. VAT. Alternatively, you can utilise a different form of funding you have access to such as a credit card, bank loan or asset finance.

Pictures, location details and a detailed financial breakdown are available on request.

Sourcing fee of £4,000 inc. VAT applies.

The Financials
▪ Rent: £2,500
▪ Ongoing monthly costs (including approx. bills): £463
▪ Average nightly rate: £286
▪ Revenue at 70% occupancy: £6,090
▪ Revenue at 85% occupancy: £7,395

▪ Deposit: £2,500
▪ Sourcing fee: £4,000
▪ Furniture: £6,000
▪ Total Upfront Cash Required: £12,500

▪ Monthly profit at 70%: £1,435
▪ Annual profit at 70%: £17,216
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £51,647

▪ Monthly profit at 85%: £2,377
▪ Annual profit at 85%: £28,524
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £85,572

▪ ROCE over 1 year at 70%: 138%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 413%
▪ Months till profit: 9