This is a fantastic off-market R2RSA opportunity in Blyth and is secured with the vendor for discounted rental rate and ready for your purchase!

The 1-bed flat accommodates up to 2 guests in a popular area, with setup costs including £2,500 for light cosmetic refurbishment—covering only carpets and paint.

Furniture can be leased for £265 per month.

Metrics:
▪ Sourcing fee: £3,000
▪ Set up costs: £2,500
▪ First month's rent: £350
▪ Total upfront fees: £5,850
▪ Net profit at 60% occupancy: £958.00
▪ Net profit at 70% occupancy: £1,273.00
▪ Net profit at 80% occupancy: £1,588.00
▪ ROCE at 70% occupancy: 261%
▪ Annual profit at 70% occupancy: £15,276

▪ Rental price: £350
▪ Refurb costs: £2,500
▪ Annual profit: £15,276
▪ Annual rent: £4,200
▪ ROCE: 261%

With a trusted owner and high demand, this property is selling fast! If interested, please get in touch.

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.