Student Project
Property Flip
I mentored Shirin on this property project whereby he purchased a one-bedroom flat in Harrow, London. We converted the property it into a two-bedroom flat and sold it, making a profit of £110,000.
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About the Investor
Shirin Patel
Occupation:
Mortgage Broker
Past Property Experience:
One Property Flip
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:
£
152000
Auction Fees:
£
8000
Sold Price:
£
350000
Refurb:
£
65000
STDL:
£
5000
Legals
£
10000
Finance:
£
New Valuation:
£
Profit:
£
110000
Rent:
£
Mortgage:
£
Monthly Cashflow:
£
