Student Project
Buy Refurbish Refinance Strategy
I mentored Bindu on this property project whereby she purchased a one-bedroom flat in Bermondsey, London. We converted the property it into a two-bedroom flat, refinanced it, and successfully rented it out. The project made a profit of £31,700.
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About the Investor
Bindu Prathap
Occupation:
Housewife
Past Property Experience:
None
Location:
West 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:
£
315000
Auction Fees:
£
Sold Price:
£
Refurb:
£
24300
STDL:
£
19500
Legals
£
1950
Finance:
£
8050
New Valuation:
£
400000
Profit:
£
31700
Rent:
£
Mortgage:
£
Monthly Cashflow:
£
