I Purchased a one-bedroom apartment in Battersea, London in December 2018 for £237,150. The property was then converted to a two-bedroom apartment and valued at £320,000. At that stage, the flat was refinanced and rented out to generate monthly cashflow & also benefit from any future capital appreciation.
The Work
The apartment was fully renovated from it’s previous condition and re-configured by relocating the kitchen into the living room to create an open-plan living room, and then the original kitchen was converted into the second bedroom.
Before
After
No items found.
The Results
£
31719
Value Added (Profit)
26
%
Return on Investment Per Annum (ROI)
£
8280
Annual Net Cashflow
Financials
Acquisition
Purchase
£
237150
Price Stamp Duty
£
9357
Refurbishment
£
29700
Furniture (& Others)
£
Lease Extension
£
Legal Fees
£
3267
Financing
£
8806
Re-finance
GDV
£
320000
Mortgage
£
256000
Cash Left In
£
31799
Market Rent
£
1750
Mortgage Interest
£
885
Management
£
175
Monthly Cashflow
£
690
