Sourced are pleased to present another great opportunity to take on a 2-bedroom semi-detached house for R2RSA in Cambridge on a 5-year agreement. The unit benefits from off-road parking and a private gated front garden. The property has also been completed to a top spec throughout with a fully integrated kitchen and open plan living room on the ground floor. The kitchen includes a fridge/freezer, dishwasher, oven & hob. The property is located very close to Cambridge North Train Station, Cambridge Science Park, and Cambridge Business Park.

The unit will comfortably be able to sleep up to 6 guests. The total rent payable for the unit is £1,700 which does not include bills. The figures provided also allow for management costs and OTAs and the profit is net after all costs.

The unit is available on a 5-year contract and we are happy to add in break clauses that you're comfortable with. This investment can be fully managed by our managing agent, making it as hands-off as possible for you. Our interior design has already furnished the unit so all that is required is property set up and then it will be ready for marketing. 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.

Our figures give expected profits at 70% and 85% occupancy. These two percentages are used as across our portfolio of 350 units, our average occupancy rate is 70% in the off-peak months and 85% in the peak months. We will only take units on that will also achieve this figures as maintaining these averages across the units we manage is incredibly important for us and of course you the investor.

We encourage our investors to pay the hard furniture off monthly to reduce the initial investment. This payment will be relatively small compared to paying upfront and is already accounted for in our figures. Furthermore, you will own the furniture as opposed to leasing it. We can refer you to our finance provider who will arrange this for you.

Pictures and location details are available on request.

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

The Financials
▪ Rent: £1,700
▪ Bills (including furniture payments): £491
▪ Average gross nightly rate: £233
▪ Revenue at 70% occupancy: £4,962
▪ Revenue at 85% occupancy: £6,025

▪ Deposit: £1,700
▪ Sourcing fee: £4,000
▪ Set up/soft furnishings: £3,000
▪ Total in: £8,700

▪ Monthly profit at 70%: £1,392
▪ Annual profit at 70%: £16,700
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £83,502

▪ Monthly profit at 85%: £2,159
▪ Annual profit at 85%: £25,913
▪ Profit over 5 years at 85% (assuming no increase in nightly rates): £129,565

▪ ROCE over 1 year at 70%: 192%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 960%
▪ Months till profit: 6

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.