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20, Gretna Road, Coventry CV3 6DP
Coventry •••••
£1,300/mo
Why the landlord is looking for a dealGuaranteed Rent
The landlord used to have a lady running the property as airbnb but due to other work commitments she's left the property now. Please note the photos were from when it was operated as an airbnb, the beds & sofa's have gone now so these will need to be replaced.
Type
House
Bedrooms
4
Bathrooms
2
Furnishing
Part Furnished
Parking
On Street
EPC Rating
D
Planning Use
Residential House (C3)
Tenancy Status
Vacant
Service Accommodation Profit
Drag to see how occupancy affects profit, breakeven and 5-year projections below.
Adjust the rent to see what figure works!
Profit — Self Managed
£613
at 70% occupancy
Profit — Via Mgmt Co
£238
at 70% occupancy
Breakeven Analysis
Months to recover all-in costs based on monthly profit at 70% occupancy:
Self Managed
14
months
Via Management Co
36
months
5-Year Profit Projections
(After all-in startup costs, at 70% occupancy)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £-1,044 | £-5,544 |
| 2 Years | £6,312 | £-2,688 |
| 3 Years | £13,668 | £168 |
| 4 Years | £21,024 | £3,024 |
| 5 Years | £28,380 | £5,880 |
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Service Accommodation Revenue
Est. Nightly Rate
£140
per night
Est. Monthly Revenue
£2,940
at 70% occupancy
Comparable Listings
Management Company Estimates
Nightly rate
£152/night
Occupancy
70%
Mgmt fee
15%
Avg stay
Mixed
Est. monthly revenue
£3,192
Est. monthly profit
£536.22
after rent, 15% booking fee, management fee (taken after booking fee), bills & council tax
Nightly rate
£120/night
Occupancy
75%
Mgmt fee
10%
Avg stay
Mixed
Est. monthly revenue
£2,700
Est. monthly profit
£175.5
after rent, 15% booking fee, management fee (taken after booking fee), bills & council tax
Nightly rate
£160/night
Occupancy
75%
Mgmt fee
15%
Avg stay
Mixed
Est. monthly revenue
£3,600
Est. monthly profit
£601
after rent, 15% booking fee, management fee (taken after booking fee), bills & council tax
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.
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
SELF MANAGED
VIA MANAGEMENT CO