Burley Road, Leeds
Could the refurbishment pay off?
Buying well is only the start. This refurbishment could create value, but the result depends on the work, the budget and a lender's eventual valuation.
Get a full works quote and ask a broker to test the refinance assumptions before committing to the purchase.
- Modelled entry price
- £160,000
- Cash needed upfront
- £87,300
- Monthly cashflow
- £306/mo
An assumption to test, not an agreed offer
Deposit, works, stamp duty and buying fees
After mortgage and running costs, before tax
01 / The numbers
Does the margin hold up?
Acquisition at the modelled offer, before any refinance. The future valuation and refinance terms still need proving.
Where the rent goes
Per monthThe assumptions in this sample report
£306/moCashflow before tax in the base case
75% interest-only borrowing, 5.4% base interest, 8% management and 6% voids/maintenance. Other running costs stay fixed. Figures are rounded; taxes and costs depend on your circumstances.
Your cash commitment
Before refinance£87,300Upfront cash
- Deposit
- £40,000
- Works
- £34,000
- Stamp duty
- £8,700
- Buying fees
- £4,600
Borrowing covers the balance of the purchase price. Keep an additional reserve for overruns and costs not yet identified.
02 / The judgement
The upside. And the unanswered questions.
The acquisition model is separate from the hoped-for refinance. Nearby sold evidence and an agreed scope must support the next stage.
What supports the case
- 11.1% below local sold median
- Clean BRR story if spec is tightly controlled
- Refinance upside exists without requiring a heroic exit value
What could change the decision
- Refurb budget can drift if damp and electrical scope is not pinned down before exchange.
- Refinance value depends on nearby comp support and finish quality at valuation.
- Exact-unit sold evidence is not available, so the valuation story must be built from nearby evidence and spec quality.
What to check next
- Price the full scope before tightening terms
- Prove the refinance story early
- Control the timeline