Student Project
Buy Refurbish Refinance Strategy
I mentored Kehinde on this property project whereby he purchased a two-bedroom house in Croydon, London. We converted the property into a three-bedroom flat, refinanced it, and successfully rented it out. The project made a profit of £45,247 and achieves £838 net cashflow per month.
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About the Investor
Kehinde
Occupation:
Estate Manager
Past Property Experience:
None
Location:
South London
Floor Plans
We reconfigured the layout to accommodate three bedrooms, converting the property into a well-designed three-bedroom flat.
Before
After
Before Pictures
After Pictures
Financials
Purchase Price:
£
285000
Auction Fees:
£
Sold Price:
£
Refurb:
£
80000
STDL:
£
10300
Legals
£
3504
Finance:
£
24925
New Valuation:
£
475000
Profit:
£
143271
Rent:
£
2600
Mortgage:
£
1692
Monthly Cashflow:
£
908
