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Refurbishment of a 2 bed flat

for Buy to Let

Project: Mayfield

Numbers:

Purchase

​

Refurb

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Other costs

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All in

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Revaluation

£39,500​

​

£11,500

​

£5,000

​

£56,000

​

£63,000

Monthly rental â€‹

​

Expenses incl mortgage

​

Monthly cashflow

​

Gross yield

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Return on cash left in

£450

​

£190

​

£260

​

8.6%

​

35.7%

This was our first property we have bought and it was full of learnings for us. Starting from how to arrange trades to dealing with utility companies, we had a steep learning curve ahead of us. 

 

However, with our experienced build team, we leveraged a lot on other people's knowledge and de-risked the investment for us. 

At the time, we thought we are undertaking a massive refurbishment. Now, we know, it was massive, but only because it was our first! â€‹

 

Comparing this refurbishment to our current deals, we can say that we have come a long way!

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Final 1.jpg
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Works carried out:

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New kitchen

Upgrades to bathroom

New consumer unit

Decoration and floorings

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Before 3.jpg
Before 2.jpg
Before 1.jpg

See us in action.​

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