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Cornhill Place

DB-1133

Maidstone •••••

£1,300/mo

Service Accommodation
Social Housing

Why the landlord is looking for a dealGuaranteed Rent

This property offers a secure investment opportunity with a landlord seeking a long-term lease agreement. The arrangement is an ideal choice for investors prioritizing stability and consistent cash flow.

Type

Flat

Bedrooms

2

Bathrooms

2

Furnishing

Unfurnished

Parking

Allocated

EPC Rating

C

Planning Use

Residential House (C3)

Tenancy Status

Vacant

Monthly profit potential

What this deal can pay you

£2,730 gross revenue a month at 70% occupancy

24%

Self managed

£656

profit per month

11%

Via management co

£307

profit per month

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Occupancy rate70%
Monthly rent£1,300

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Breakeven Analysis

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

Self Managed

18

months

Via Management Co

38

months

5-Year Profit Projections

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

YearSelf ManagedVia Management Co
1 Year£-3,528£-7,716
2 Years£4,344£-4,032
3 Years£12,216£-348
4 Years£20,088£3,336
5 Years£27,960£7,020

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Location

Discover nearby amenities, transport links, and attractions

Floor Plans

Floor plan

Service Accommodation Revenue

Est. Nightly Rate

£130

per night

Est. Monthly Revenue

£2,730

at 70% occupancy

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

Corporate Guests

Maidstone is the business capital of Kent with significant demand from professional tenants and corporate visitors working in the town centre and nearby business parks like Kings Hill.

2

Contractors

Proximity to the M20 junction and Aylesford industrial area creates consistent demand from logistics, warehousing, and infrastructure workers.

3

NHS Staff

Strong demand from healthcare professionals working with the Maidstone and Tunbridge Wells NHS Trust and KIMS Hospital.

4

Film & TV Crews

Maidstone Studios is a major local hub, and the Kent Film Office frequently facilitates productions requiring crew accommodation.

5

Relocation Guests

High population growth and a competitive housing market drive demand from individuals and families waiting to move into permanent homes.

6

Leisure Travellers

Maidstone has seen a significant rise in domestic tourism and 'staycation' spending, with the town centre acting as a vibrant destination.

7

Insurance Guests

General demand for temporary housing for displaced residents remains a steady secondary market in the borough.

8

Families Visiting Relatives

Demand from families visiting relatives is supported by the presence of major local hospitals and the town's status as a regional hub.

9

Students

MidKent College and local educational institutions provide a smaller, niche market for visiting academics and short-course students.

HMO License & Safety

No current HMO license

Safety Measures

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

Monthly Costs

SELF MANAGED

Monthly Rent£1,300
Utility Bills£220
Council Tax£145
Platform/Booking Fees£409
Total Monthly Costs£2,074

VIA MANAGEMENT CO

Monthly Rent£1,300
Utility Bills£220
Council Tax£145
Platform + Management Fees£758
Total Monthly Costs£2,423

All-In Costs to Get Started

Select your furnishing package:

Using staff estimate: £6,000. Select a package above to update ROI figures.

Furnishing Costs(Please note this is an estimate)£6,000
Sourcing Fee£3,000
Deposit (Please note often we can negotiate no deposit after a viewing for you.)£1,200
First Month's Rent (Please note we can often negotiate rent free periods especially if the property needs work)£1,200
Total All-In Cost£11,400

Social Housing Profit

Guaranteed Provider Rent£1,460
Rent to Landlord£1,300
Management/Maintenance£175
Estimated Monthly Profit£-15