14/07/2023
BRRR in L13…..
Finally had a minute to upload the pictures from the completed refurb in Windsor Road.
I wanted to complete this refurb in a little over 8 weeks and for a budget of £20k. It had a few hiccups but I’m really pleased with the finish and for once the dreaded valuers didn’t ruin it!
PP: £114,000
Refurb: £23,700
ReVal: £210,000 🎉
Rent: £1500 pcm
I’ve been able to pull all the money back out and make a cash profit of £25k!!! + £55k in equity.
It’s been a while since I’ve had a property this successful, weirdly it’s added more pressure to see if I can do it again back to back.
The Refurb took 10 weeks in total, but given that I took a month long holiday to Spain I am overjoyed with this.
The tenant is now in so I’m back to the villa in Spain for a recharge and to start looking for our next project.
Times like this make property the best job in the world!