Pegasus Property Group is a residential and commercial property lettings and development company based in Stoke-on-Trent, Staffordshire, we also cover Manchester and Cheshire. We source, renovate and let property for our clients which range from BTL’s, HMOs, new builds, and commercial to residential conversions such as offices into flats. Our mission is to develop derelict property into quality affordable accommodation for students and professionals.
John Colclough – Director
Nick Leatherland – Director
John Colclough and Nick Leatherland are the founding members of the Pegasus Property Group. Nick has been investing in property since he was 21 years old, and also served in the Royal Navy Submarine Service for 9 years as a Warfare Specialist. Nick brings his organizational skills to the company, running projects efficiently, systemising the company, and also focuses on marketing, lettings and HMOs. John has been a businessman since a young age and involved in property for several years. John focuses on the back office of the company, and runs the companies larger projects such as commercial to residential conversions and new builds.
6 Bedroom HMO Tour
We are 6 weeks into this 6 bedroom all ensuite HMO in Stoke-on-Trent. It was purchased for £122,000, with a renovation budget of £48,000. It was previously a large, end terraced, Victorian 3 bedroom house. Watch the video below to see how the team have carved this up into 6 bedrooms with 6 bathrooms; We are doing all project management and lettings on completion. Please get in touch if this is something you would be interested in.
Running a HMO the Pegasus way!
This property was purchased for £127,000. It has a renovation budget of £75,000, and includes an extension and loft conversion. This project has gone in for change of use, Sui Genesis. We will carry out the renovation t a 6 bedroom HMO spec, and once planning is approved we will carry out the loft conversion, and extension works, thus completing the project as a 7 bedroom, all ensuite HMO. Based on a 7 x gross rental income multiplier, this property will be worth in the region of £250,000.
Pegasus 2.0, high end HMO. 6 bedrooms!
Check out this short video of our new Pegasus 2.0 range, high end 6 bedroom HMO (it’s like a hotel).
6 beds, 4x ensuite.
Purchase price: £115,000
Gross rent: £30,600-33,240.
4 bedroom, 2 bathroom HMO COMPLETE!
Check out this new 4 bedroom, 2 bathroom mini HMO in Stoke-on-Trent by the hospital!
Pegasus Property Development Tour
On the 17th of December Pegasus Property conducted a Property Developers Day for Douglas Macmillan Hospice helping to raise £2250. Attendees were shown around by property developers Nick Leatherland and John Colclough with help from Pegasus Lettings managers Ryan Wyatt and Dan Cheetham. They visited 8 different properties, ranging from a recently completed 4 bedroom HMO, a 6 bedroom all ensuite HMO, a block of 11 flats, a 15 bedroom HMO and a 30+ bedroom HMO.
Stacking a Property Investment
How do you know if a property investment deal works or not? Stacking a deal in an Excel spreadsheet is a crucial tool in the arsenal of an investor. In this video, Nick Leatherland shows how he uses spreadsheets to stack deals to see if they work or not.