Our strategy was to purchase a one-bedroom apartment in Vauxhall, and add significant value by refurbishing & re-configuring the property into a two-bedroom, two bathroom apartment and rent out for the foreseeable future.
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
£
41997
Value Added (Profit)
18
%
Return on Investment Per Annum (ROI)
£
5664
Annual Net Cashflow
Financials
Acquisition
Purchase
£
290000
Price Stamp Duty
£
13200
Refurbishment
£
23000
Furniture (& Others)
£
4598
Lease Extension
£
Legal Fees
£
3883
Financing
£
13323
Re-finance
GDV
£
390000
Mortgage
£
312000
Cash Left In
£
30902
Market Rent
£
1750
Mortgage Interest
£
1103
Management
£
175
Monthly Cashflow
£
472
