17.11.2025

It's official - I'm a cheapskate!

It's official - I'm a cheapskate!

twitter icon

I have just fully refurbished a 1,760 square feet property I recently bought from auction. The refurb cost me just under £12,000. Here are the approximate figures:

Howdens kitchen, (appliances from the Internet), new lino, tradesman to fit =
£3,100
New bathroom - 6x bathroom panels, new lino, new taps, handyman to fit = £1,250
New carpets and underlay from the Internet £1,750, plus £450 fitting = £2,200
New decoration = £3,250  
General materials, furnishings, curtains, Victorian fireplace from eBay = £1,400
Handyman for new locks, a bit of electrical work = £720

PURCHASE PRICE: £100,000
Refurbishment: £12,000
Bridging loan costs, solicitors, etc: 5,500
Auction costs and associated costs: £4,000
CURRENT VALUE: £190,000

I can source you a great below-market property and do the same thing for you. Visit www.yournextpropertyinvestment.com and give me a call on 07825 327552 if you have any
questions.

Are you looking to purchase one or more properties? Perhaps you're a hard-working professional but don't have the time, nor inclination, to be trawling the Internet and local estate agents for your…

Follow us for more articles and posts direct from professionals on      
Property

Title Deeds Expedition

PROBLEM: You've just bought a property with bridging finance and need to refinance quickly, but The Title Deeds are not…
Property

Companies House ID Verification for Property Investors

If you own a limited company, you must comply with new government ID regulations, which came into law in November 2025.…
Property

Tip For Saving money on SDLT

The maximum SDLT payable for purchasing commercial property is 5%, whereas the percentages can be much higher when…

More Articles

Property

Planning 4-Year Rule Transition to 10-Year Rule

Hello everyone,This article may be useful to people in the property industry. It is a link from…
Property

Do you know someone who I could help?

Property Investment in the South East & South West. In business, the best opportunities rarely come from running around…

Would you like to promote an article ?

Post articles and opinions on Essex Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.