NORTH LONDON FLIP

2 bed ground floor flat with garden

share of freehold and long lease

£475,000 GDV

£320,000 PP

£22,000 STAMP DUTY

£3,000 LEGAL

£30,000 ESTIMATED REFURB

£10,000 CONTINGENCY COSTS

£4,000 SOURCING FEE

-£85,000 PROFIT-

– 18% PROFIT PERCENTAGE –

very strong comparables on same street and neighbouring streets,

EXIT STRATEGY 

Flip with a £85,000 profit – ( 18% )

or

BRRR to SA with an average nightly rate of £200 with a profit of £2,100 pcm