Newcastle-Upon-Tyne, Gateshead 2 Bed Flat BTL to Serviced Accommodation | £806 Monthly Profit | 35.98% ROI
• Property: 2 bed flat offering a practical and efficient layout, well suited to serviced accommodation guests
• Strategy: Buy to Let to Serviced Accommodation, light refurb and furnished for short stay use
• Location: Gateshead, strong demand for serviced accommodation supported by local employment, contractors and proximity to Newcastle
• Purchase Price: £70,000
• Stamp Duty & Legals: £4,900
• Refurbishment: £2,000
• Staging & Furnishing: £2,500
• Total Money In: £26,900
• Average Nightly Rate: £90
• Occupancy: 70%
• Monthly Profit: £806
• ROI: 35.98%
A strong BTL to SA opportunity in Gateshead offering excellent cashflow, low capital entry and a simple conversion strategy into serviced accommodation.