Source are pleased to present an excellent R2RSA opportunity in Derby. This beautiful property has 4 bedrooms with 4 bathrooms and is in excellent condition. It comes unfurnished so the buyer had the opportunity to put their own stamp on the property. This is a very high spec property.

This would bring in an outstanding return on investment with a return of £15,480 per year on just 70% occupancy. 85 % occupancy is more realistic during the Spring Summer Autumn month’s.
Higher occupancy is more realistic with the property being only a few minute walk to Royal Derby Hospital and in a beautiful new build location close to the local Aldi and local shops.

Term: 3 years negotiable
(Will be automatically extended at the end of the term if both the landlord and the investors agree)

The financials:
▪ Rent: £1800
▪ Deposit: £1,800
▪ Sourcing fee: £3,000
▪ Furniture: £5,000

▪ Bills: £400

Occupancy rate includes Ota/Bills
▪ 50% occupancy: £310 PM
▪ 70% occupancy: £1,290 PM
▪ 100% occupancy: £2,760 PM

Nightly rate £210

▪ Annual profit: £15,480 based on 70 % occupancy (conservative)

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.