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Colchester 2 Bed BTL to SAon | Parking Included | £1,200 Monthly Profit | 31% ROI

Finders Fee: 2000

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Headline Deal Details

Colchester 2 Bed Apartment BTL to Serviced Accommodation | Parking Included | £1,200 Monthly Profit | 31% ROI

• Property: 2 bed apartment with 1 allocated underground parking space, plus additional first come first serve parking in the courtyard, well suited to serviced accommodation guests
• Strategy: Buy to Let to Serviced Accommodation, light refurb and staged for short stay use
• Location: Colchester, strong demand for serviced accommodation supported by transport links, contractors and local employers

• Purchase Price: £130,000
• Stamp Duty & Legals: £9,100
• Refurbishment: £500
• Staging & Furnishing: £3,500

• Total Money In: £45,600

• Average Nightly Rate: £120
• Occupancy: 73%

• Monthly Profit: £1,200
• ROI: 31%

A strong BTL to SA opportunity in Colchester offering excellent cashflow, minimal refurb requirements and the added benefit of secure parking for guests.

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