01/06/2026
π‘ PROJECT COMPLETED β SUTTON IN ASHFIELD (BUY β’ REFURB β’ RENT β’ REMORTGAGE) π‘
Another successful property project completed by Maxi & Matti Properties Ltd
This detached property in Sutton in Ashfield was purchased through the Modern Method of Auction using a bridging loan, then fully refurbished and reconfigured to maximise both its value and rental income.
π Purchase & Project Costs
π· Purchase Price: Β£145,000
π· Solicitors (Purchase & Remortgage): Β£5,000
π· Bridging Loan Fees: Β£6,470
π· Refurbishment Costs: Β£21,000
π· Certificates, Insurance, Council Tax & Legal Advice: Β£1,300
π· Building Control & Structural Engineer: Β£1,000
π· Skip Hire: Β£830
π· Broker Fees: Β£750
π· Stamp Duty: Β£7,650
π· Auction Fees: Β£6,950
π° Total Money Invested
Β£195,950
π¨ Refurbishment Works Completed
βοΈ Created an additional bedroom (3-bed to 4-bed property)
βοΈ Created an additional bathroom (1-bathroom to 2-bathroom property)
βοΈ Installed a brand-new kitchen
βοΈ Installed two new bathrooms
βοΈ New flooring throughout the property
βοΈ Fitted new fire doors and frames throughout
βοΈ Full internal decoration
βοΈ External decoration and improvements
βοΈ General refurbishment and modernisation throughout
π The Results
π Purchase Price: Β£145,000
π End Valuation: Β£225,000
π Equity Created:
Β£29,050
75% Loan-to-Value remortgage:
π· 75% of Β£225,000 = Β£168,750
This means we were able to recycle most of the capital invested back out of the deal through refinancing.
πΌ Money Left In The Deal
Total Cost: Β£195,950
Less Refinance Funds: Β£168,750
π° Capital Left In Deal: Β£27,200
π Rental Income
π· Rent: Β£1,350 per month
π· Mortgage Payment: Β£665 per month
π° Monthly Cash Flow: Β£685 per month (before maintenance, insurance, management and other operating costs)
This project created:
β
A fully modernised family home
β
Β£29,050 of equity uplift
β
Strong monthly cash flow
β
A long-term buy-to-let asset with only Β£27,200 left in the deal
A great example of how the BRRR strategy can recycle capital while building a portfolio of income-producing properties.
Interested in property investment, refurbishments, or joint venture opportunities? Get in touch with Maxi & Matti Properties Ltd.
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