Morley

Leeds

Nest Hub’s strategic acquisition and redevelopment of a property in Morley demonstrate our commitment to excellence.

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After acquiring the property at £150,000, we began on an extensive renovation, including a roof extension, to elevate the property to exceptional standards.

This transformed space now operates as a short-term rental under a commercial agreement, with a successful refinancing package enabling the recovery of all development costs. The property’s valuation now exceeds £250,000, demonstrating a substantial increase in worth.

We’re able to provide comprehensive documentation, including visuals and financial breakdowns, to illustrate the remarkable progress of this development.


Morley project in numbers

Overall figures

Purchase price

£150,000

Development cost

£45,000

Stamp duty

£4,500

Solicitors

£1,500

Misc. purchase costs

£0

Re-finance mortgage

£172,000

Mortgage p.a.

£10,560

Annual cost

£250

Annual rental income (Fixed Guaranteed Rent)

£15,000

Current market value

£250,000

Equity in property

£78,000

Forced appreciation

£55,000

Yield

Rental income p.a.

£15,000

Annual cost

£10,810

Yield £

£4,190

ROI

Annual profit

£4,190

Cash invested

£29,000

ROI

14%

Gross Yield

Rental income

£15,000

Gross cost

£201,000

Gross yield

7.5%

Net Yield

Annual profit

£4,190

Purchase price

£201,000

Net yield

2.1%


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