Student Project
Buy Refurbish Refinance Strategy
I mentored Akbar on this property project whereby he purchased a one-bedroom flat in Watford, Hertfordshire. We converted the property it into a two-bedroom flat, refinanced it, and successfully rented it out. The project made a profit of £40,793 and achieves £500 net cashflow per month.
Apply for Mentorship
About the Investor
Akbar Latfullah
Occupation:
Data Scientist
Past Property Experience:
None
Location:
North London
Floor Plans
We moved the kitchen into the living room to create an open plan living room and we converted the original kitchen into the second bedroom, creating a two-bedroom flat.
Before
After
Before Pictures
After Pictures
Financials
Purchase Price:
£
235000
Auction Fees:
£
Sold Price:
£
Refurb:
£
26000
STDL:
£
7050
Legals
£
4695
Finance:
£
11462
New Valuation:
£
325000
Profit:
£
40793
Rent:
£
1900
Mortgage:
£
1181
Monthly Cashflow:
£
500
