Sourced are pleased to present a fantastic opportunity to purchase an exceptional 6 -bedroom house for SA in Redcar. This property has been renovated and consists of 6 bedrooms and 6 bathrooms. The area makes a fantastic location to target the contractor market and the proximity to Redcar means that it will also be ideal for leisure guests.

The property will comfortably be able to sleep up to 6 guests. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

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

Sourcing fee of £4,000

The financials:
▪ Purchase price: £325,000
▪ Mortgage: £1,093 (approx)
▪ Ongoing monthly costs (including approx. bills): £503
▪ Average nightly rate: £234
▪ Revenue at 70% occupancy: £4,983
▪ Revenue at 85% occupancy: £6,051

▪ Monthly profit at 70%: £1,982
▪ Annual profit at 70%: £23,785
▪ Monthly profit at 85%: £2,753
▪ Annual profit at 85%: £33,037
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £99,111

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.