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Birmingham •••••
£950/mo
Why the landlord is looking for a dealGuaranteed Rent
The property was recently leased through a private arrangement, tenants have left and the landlord would prefer guaranteed rent.
Verified by a management company
Type
Flat
Bedrooms
1
Bathrooms
1
Furnishing
Furnished
Parking
On Street
EPC Rating
B
Planning Use
Residential House (C3)
Tenancy Status
Vacant
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Est. Nightly Rate
£120
per night
Est. Monthly Revenue
£2,520
at 70% occupancy
Comparable Listings
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.
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.
SELF MANAGED
VIA MANAGEMENT CO
Profit — Self Managed
£937
at 70% occupancy
£669
At 50% occupancy
Profit — Via Mgmt Co
£616
at 70% occupancy
£440
At 50% occupancy
Months to recover all-in costs based on monthly profit:
Self Managed
6
months
Via Management Co
9
months
(After all-in startup costs)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £6,044 | £2,192 |
| 2 Years | £17,288 | £9,584 |
| 3 Years | £28,532 | £16,976 |
| 4 Years | £39,776 | £24,368 |
| 5 Years | £51,020 | £31,760 |