- Transform 9-bed end terrace into 8 luxurious en-suite rooms for premium serviced accommodation
- House has previously been registered as B&B so needs a change of use to turn back into an 8 bed SA
- Purchase Price: £270k
- Stamp duty and legal fees: £12,050
- Professional fees: £6,794
- Furnishing and Staging: £25,000
- GDV: £509k
- Refurb Cost: £118k Approx
- Plan (Refurb, Refinance and run as SA – 70% occupancy (£12,775 pcm, Profit £6,489.92 ppm, £77,879.00 annual profit)
- Estimated nightly rate: £70 per room
- Project Management Available on refurb for additional fee
- Rental Income: £12,775 (monthly gross) / £153,300 (annual gross)
- ROI: 179.86%
*Please note the buyer will need to make an application for a certificate of lawful development in order to change the use class of the property