Turn a Dudley house into a nightly-let income machine. Corporate lets, contractors and families visiting Dudley and the Black Country generate far more per room than a standard tenancy, with the same bricks and mortar.
Prepared by Ateeq Yousif · Progressive Property teamServiced accommodation blends the capital growth of property with the cash flow of a business. Dudley's position, on the rail corridor to Birmingham, with the Merry Hill shopping district and local hospitals, keeps a steady stream of nightly guests. These examples model a conservative 65% occupancy, which still beats a long let by a wide margin.
£95/night at 65% occupancy, roughly 10,839 more per year than the same house as a long let.
| Purchase price | £150,000 |
| SDLT (additional, 5%) | £7,500 |
| Legals & searches | £1,000 |
| Refurb & styling | £18,000 |
| Furnish, tech & setup | £8,000 |
| Total investment | £184,500 |
| Avg night rate @ 65% occupancy | £95/night |
| Gross income p.a. | £22,539 |
| Mortgage @ 4.5% IO | £422/mo |
| Ops @ 35% (cleaning/linen/utilities) | £7,889/yr |
| Net income p.a. | £9,588 |
£110/night at 65% occupancy, roughly 12,298 more per year than the same house as a long let.
| Purchase price | £185,000 |
| SDLT (additional, 5%) | £9,250 |
| Legals & searches | £1,200 |
| Refurb & styling | £22,000 |
| Furnish, tech & setup | £8,000 |
| Total investment | £225,450 |
| Avg night rate @ 65% occupancy | £110/night |
| Gross income p.a. | £26,098 |
| Mortgage @ 4.5% IO | £520/mo |
| Ops @ 35% (cleaning/linen/utilities) | £9,134/yr |
| Net income p.a. | £10,720 |
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