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Charlotte House, Fenkle Street
Newcastle upon Tyne •••••
£107,000/mo
Why the landlord is looking for a dealHands-Off Management
Landlord has been operating this as service accommodation and is now looking for an investor to come in a take the management off his hands and offer him guaranteed rent
Block Deal
Total Rent
£0/mo
Average Rent
£0/unit
Building Details
Compliance
Planning
Licensing
EPC
EICR
Gas
Fire Risk Assessment
Freeholder / Lender Consent
Tenancy Status
Vacant
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Service Accommodation Revenue
Est. Nightly Rate
£
per night
Comparable Listings
Who This Property Suits
Based on the location and property type, this serviced accommodation is likely to appeal to the following guest types, ranked by suitability:
Contractors
Construction workers, engineers, utilities and infrastructure teams. Usually book Monday–Friday or for several weeks/months.
Corporate Guests
Employees relocating, attending training or working on temporary projects. Reliable and often booked through companies.
Insurance Guests
People displaced by floods, fires or other home insurance claims. Stays can last several weeks or months.
NHS Staff
Doctors, nurses and locum healthcare professionals working temporary placements.
Film & TV Crews
Production staff needing accommodation during filming.
Airline Crew
Pilots and cabin crew, particularly near airports.
Relocation Guests
Families or individuals waiting to move into a new home.
Families Visiting Relatives
Especially near hospitals or during holidays.
Students
Visiting academics, postgraduate students or people on short courses.
Leisure Travellers
Holidaymakers and weekend visitors, although they typically have shorter stays and require more frequent changeovers.
Monthly Costs
All-In Costs to Get Started
Service Accommodation Profit
Profit — Self Managed
£
at 70% occupancy
£0
At 50% occupancy
Profit — Via Mgmt Co
£
at 70% occupancy
£0
At 50% occupancy
Breakeven Analysis
Months to recover all-in costs based on monthly profit:
5-Year Profit Projections
(After all-in startup costs)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £-200,000 | £-200,000 |
| 2 Years | £-200,000 | £-200,000 |
| 3 Years | £-200,000 | £-200,000 |
| 4 Years | £-200,000 | £-200,000 |
| 5 Years | £-200,000 | £-200,000 |