Redevelopment
2 Melody Lane, Highbury N5 2BQ
The site
This is a half-acre, previously commercial site, in the borough of Islington, north London with easy access to the city center. Planning has already been granted for demolition and construction of 7 town houses and office building.
Finance
Total Costing excluding finance
Finance costings are included by way of example but will not be relevant
Total Costing excluding finance £11,096,140
Asset Disposal
Completed Project profit £4,813,175 or 43.4% return
Asset Disposal
Completed Project profit £4,813,175 or 43.4% return
Asset Retention
7 town house rental income £2,900 pcm total £243,600 pa
Office rental return £351,645 pa
Total rental return £595,245 pa or 5.4% yield
Valuation in 2025 on current forecasts
Assuming conservative estimates of 20% house price inflation and 13% rental inflation
Total Asset Value £19,091,826
Total Rental return £672,626 pa or 6.1% yield
Case studies
The following are summary sheets of three currently available.
Redevelopment
Asset development
