3 bed Terraced House in Derby-shire to be used as 6 bed SA to Sleep up to 6 guests
Purchase price: £90,000
Stamp and Legals: £7,500
Refurb and Furnishing: £10,000 (INCLUDING PROJECT MANAGEMENT)
Furnishing and Staging: £5,000
End value: £132,000
Expected Nightly rate: £105
Expected profit at 75% occupancy: £858 Per month
£10,000+ a year!
Vision: To Buy, Refurbish and Refinance and let out as a Serviced Accommodation in an area that is perfect for contractors and has a high occupancy rate based on solid comparables.