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Head Street

DB-1046

Colchester •••••

£4,200/mo

Service Accommodation
Social Housing

Why the landlord is looking for a dealHands-Off Management

Landlord is looking for hands-off management and guaranteed rent. He is open to doing a purchase option as well

Block Deal

Total Rent

£0/mo

Average Rent

£0/unit

Building Details

Compliance

Planning

—

Licensing

—

EPC

—

EICR

—

Gas

—

Fire Risk Assessment

—

Freeholder / Lender Consent

—

Planning Use

Block of Flats

Tenancy Status

Vacant

Monthly profit potential

What this deal can pay you

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Occupancy rate70%
Total block rent£0

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Breakeven Analysis

Months to recover all-in costs based on monthly profit at 70% occupancy:

5-Year Profit Projections

(After all-in startup costs, at 70% occupancy)

YearSelf ManagedVia Management Co
1 Year£-23,700£-23,700
2 Years£-23,700£-23,700
3 Years£-23,700£-23,700
4 Years£-23,700£-23,700
5 Years£-23,700£-23,700

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Location

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Property Video Tour

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:

1

Contractors

High demand from ongoing major infrastructure projects like the A1331 link road and the new Sustainable Construction Centre at Colchester Institute.

2

Corporate Guests

Central location in CO1 1NX provides proximity to the city centre office hubs and the new digital business hub on Queen Street.

3

Students

Strong demand from Colchester Institute's thousands of students and the University of Essex's research and enterprise activities.

4

Leisure Travellers

Proximity to city centre attractions like Colchester Castle and the regenerated St Nicholas Square drives consistent visitor footfall.

5

NHS Staff

Ongoing need for accommodation for locum healthcare professionals supporting local medical facilities in the Colchester area.

6

Relocation Guests

Significant housing growth and regeneration projects in Colchester create a steady stream of families needing temporary housing during moves.

7

Insurance Guests

General demand for long-term temporary housing for displaced residents in the Colchester district.

8

Families Visiting Relatives

Central location serves as a convenient base for families visiting relatives in the city, supported by improved local amenities.

HMO License & Safety

No current HMO license

Safety Measures

Smoke alarms installed
Fire doors fitted
Emergency lighting installed
Fire extinguishers provided

Monthly Costs

All-In Costs to Get Started

Select your furnishing package:

Using staff estimate: £9,500. Select a package above to update ROI figures.

Furnishing Costs(Please note this is an estimate)£9,500
Sourcing Fee£10,000
Deposit (Please note often we can negotiate no deposit after a viewing for you.)£0
First Month's Rent (Please note we can often negotiate rent free periods especially if the property needs work)£4,200
Total All-In Cost£23,700