1 Bed Flat, Nugent Street, LE3
LE3 5HX · 1-bed Flat
📊 SA Market Rates —LE3 5
Area data forLE3 5 — actual results vary by property, management quality, and season.
Converting this property to short-term letting (SA) will likely require planning permission under the local Article 4 Direction. Confirm with the local planning authority before proceeding.
🏠 SA Readiness Score
💰 SA Setup & Running Costs
Based on GuestReady full management at 15% of SA gross. Monthly profit shown above is after all costs below.
Initial Outlay
| Security deposit (1 month) | £795 |
| First month's rent | £795 |
| Furnishing & fit-out | £2,500 |
| GuestReady onboarding (photography + listing) | £300 |
| Welcome pack & consumables | £100 |
| Total initial outlay | £4,490 |
Monthly Running Costs
| Rent to landlord | £795 |
| GuestReady management (15%) | £277 |
| Utilities (gas / electric / broadband) | £150 |
| Consumables & restocking | £50 |
| SA insurance uplift (est.) | £35 |
| Total monthly costs | £1,307 |
| Monthly profit | +£541 |
| Break-even occupancy (managed): 44% | |
All figures are estimates. Utilities scaled by bedroom count. GuestReady fee from 15% — actual rate varies by location. Insurance estimate ~£420/yr SA-specific uplift. Learn about GuestReady →
📊 Occupancy Sensitivity
Cashflow at different occupancy rates — how the spread changes if bookings are lighter or stronger.
| Occupancy | Gross/mo | Net/mo | Cashflow/mo |
|---|---|---|---|
| 60% | £1,655 | £1,456 | +£661/mo |
| 70% | £1,931 | £1,699 | +£904/mo |
| 80% | £2,207 | £1,942 | +£1,147/mo |
| 90% | £2,483 | £2,185 | +£1,390/mo |
| 100% | £2,758 | £2,427 | +£1,632/mo |
SA nightly rate: £123 (LE3 5). Net figures use 12% platform fee.
📍 Location
🏗️ Urban Regeneration & Infrastructure
🌎 Area Profile — LE3 5 ⓘ What are deciles?
🏘 Property Details
Before subletting or operating a short-term let from any rental property, you must obtain written permission from your landlord and check the terms of your tenancy agreement. Subletting without permission may breach your tenancy agreement and, in some cases, may be unlawful. This analysis is for informational purposes only and does not constitute legal or financial advice. You are solely responsible for ensuring all activity complies with your tenancy agreement, local planning rules, and applicable law.