Hillsborough Court,NW6
Turning this 1-bed into a 2-bed increased the property value by £214k and allowed for a refinance of £380k.
Total investment was £348k, so we managed to get all of our money back out of the deal, as well as an additional £32k.
Purchase: £286k
Purchasing Costs: £2k
Refurb: £60k
Total Costs: £348k
Time scale: 5 months
Exit Strategy: Refinance
GDV: £500k
Capital Growth: £214k
Profit: £152k
Refinance: £380k
Money Back out: All out + £32k
Rent(annual): £24k
1-bed to 2-bed flat conversion
Pre-refurb
Post-refurb
