Northampton 3 bed, 2 bath, 2 receptions terraced house. Recently refurbished and immediately available in a great location. Landlord potentially interested in a future Lease Option!
- Recently refurbished with new kitchen, flooring, and paint throughout. Unfurnished for you to make your mark
- Spacious sized rooms with potential for 8 guests in 3 double rooms (1x small double) and a double sofa bed
- Great location for local visitors, professionals visiting the hospitals’, and contractors
- Freehold property with no SA restrictions
- Local on-street parking immediately in front of property
- Opportunity to maximise nightly rate if finished to a luxury standard (see below)
- Landlord potentially interested in a future Lease Option
Summary of Negotiated Terms
- £0 security deposit!
- £306 rent up-front (only 1 week!)
- 1 week rent free grace period to stage & do a slight uplift
- 4 year term
- Annual rent review based on Consumer Price Index (CPI) and capped at rate of inflation at time of review
- One way break clause for you (tenant) at the 6 month point with a 2 month notice period, giving you more security
Figures
- Local conservative avg. nightly rate £140, opportunity to increase based on luxury-furnished SA’s in the area are achieving avg. £225 nightly rate
- Local avg. occupancy 72%
- Rent to landlord £1,225
- Bills £552 (council tax, utilities, streaming service, channel manager, insurance, maintenance)
- AirBnB/Booking.com est. 15% platform commissions £460 (at 72% occupancy)
- Staging & slight uplift £4,000
Estimated monthly profit
Conservative avg. £140 nightly rate:
Break even @ 49% occupancy
£575 @ 65% occupancy
£756 @ 70% occupancy
£829 72% local avg. occupancy
£1,299 @ 85% local avg. occupancy
£1,842 @ 100% occupancy
Money-back in 5 months (ex finder’s fee) / 9 months (inc. finder’s fee)
Stage the property to a luxury standard, avg. £225 nightly rate:
Break even @ 31% occupancy
£2,004 @ 65% occupancy
£2,295 @ 70% occupancy
£2,411 72% local avg. occupancy
£3,167 @ 85% local avg. occupancy
£4,040 @ 100% occupancy
Money-back in 2 months (ex finder’s fee) / 3 months (inc. finder’s fee)
Service & Free Support Provided
Full investor pack with due diligence provided upon deal purchase, video or audio call to be arranged to walk you through all details of this great R2SA investment. Free support provided to help with any queries or SA troubleshooting during 14 day cooling off period. ,,,kjhjk
Looking forward to working together, secure today. bn h