Isaac’s Hill

Lincolnshire

Nest Hub managed the conversion of a single house into two high end 2-bedroom apartments at Isaac’s Hill, Lincolnshire

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Our innovative approach boosted the property’s overall value and also enabled us to engage in commercial subletting, delivering a robust fixed return.

We’re able to provide detailed financial data and stunning images of this remarkable transformation, to showcase the excellent outcomes of our strategic planning and conversion.


Isaac’s Hill project in numbers

Overall figures

Purchase price

£141,000

Development cost

£116,988

Stamp duty

£4,230

Solicitors

£1,500

Misc. purchase costs

Re-finance mortgage

£210,000

Mortgage p.a.

£10,560

Annual cost

£822

Annual rental income (Fixed Guaranteed Rent)

£22,800

Current market value

£300,000

Equity in property

£90,000

Forced appreciation

£42,012

Yield

Rental income p.a.

£22,800

Annual cost

£11,382

Yield £

£11.418

ROI

Annual profit

£11,418

Cash invested

£53,718

ROI

21%

Gross Yield

Rental income

£22,800

Gross cost

£263,718

Gross yield

8.6%

Net Yield

Annual profit

£11,418

Purchase price

£263,718

Net yield

4.3%


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