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Refurbishment of a 2 bed flat
for Buy to Let
Project: Mayfield
Numbers:
Purchase
​
Refurb
​
Other costs
​
All in
​
Revaluation
£39,500​
​
£11,500
​
£5,000
​
£56,000
​
£63,000
Monthly rental ​
​
Expenses incl mortgage
​
Monthly cashflow
​
Gross yield
​
Return on cash left in
£450
​
£190
​
£260
​
8.6%
​
35.7%
This was our first property we have bought and it was full of learnings for us. Starting from how to arrange trades to dealing with utility companies, we had a steep learning curve ahead of us.
However, with our experienced build team, we leveraged a lot on other people's knowledge and de-risked the investment for us.
At the time, we thought we are undertaking a massive refurbishment. Now, we know, it was massive, but only because it was our first! ​
Comparing this refurbishment to our current deals, we can say that we have come a long way!




Works carried out:
​
New kitchen
Upgrades to bathroom
New consumer unit
Decoration and floorings






See us in action.​
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