Student Project
Buy Refurbish Refinance Strategy
I mentored Kehinde on this property project whereby he purchased a two-bedroom house in Thornton Heath, Surrey. 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:
£
305000
Auction Fees:
£
Sold Price:
£
Refurb:
£
75000
STDL:
£
15149
Legals
£
Finance:
£
9604
New Valuation:
£
450000
Profit:
£
45247
Rent:
£
2500
Mortgage:
£
1662
Monthly Cashflow:
£
838
