Sourced Approved Investment

R2RSA in Whitechapel London - House

£ 6,000

Added: 02/04/2025

Profit pa£29,844

ROCE176%

Yield0%

Property description

Strategy: Serviced Accommodation

Sourced is pleased to present an exceptional opportunity - a stunning 5-bed house available for R2RSA in Whitechapel. This beautifully refurbished property blends modern finishes with charming period features, offering five spacious bedrooms and three bathrooms.

Designed to a high standard, the house is available furnished if desired. It boasts a generous living and dining area that flows into a large kitchen, leading out to a private patio.

The location is unbeatable, just a 2-minute walk from Aldgate East Underground station, providing access to both the District and Hammersmith & City lines. Spitalfields Market, Liverpool Street, and the City are all within walking distance, making this a prime SA opportunity.

The unit will comfortably be able to sleep up to 10 guests. The total rent payable for the unit is £6000 which does not include bills. The financial figures provided also exclude any management costs and OTAs and the profit is net after all costs.

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

Sourcing fee: £4,000

The Financials:
Upfront costs:
▪ Rent: £6,000
▪ Sourcing fee: £4,000
▪ Deposit: £6,923

▪ Average nightly rate: £472
▪ Average occupancy rate: 76%

Net investment return figures @ nr of £450 (very conservative - other close by 5 beds going for £490+ mark)
▪ £1,199.14 profit @ 60% occupancy
▪ £2,487 profit @ 70% occupancy
▪ £3,774.86 profit @ 80% occupancy
▪ £6,350.57 profit @ 100% occupancy

Estimated cleaning costs per changeover (factored into profits already):
▪ Cleaning: £130
▪ Laundry & linen hire: £15 PP

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Sourced reference: 342211798183517

Disclaimer

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.

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Due diligence

No information supplied.

Sales Agent

Josh Rapley

Astra Property Group

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