Refurbished including turning the property into a 2 bed (formally 1 bed) by splitting the main bedroom with a stud wall and moving the bathroom in there, rewire, heating system, new kitchen, bathroom, decoration, carpets

Purchase price (bridging loan): £56500
Refurb spend: £16200
Fees: £5900
Total spend: £78600
End value £80,000

Money back from remortgage = £60000
Money left in deal: £18600

Monthly Rent : £500
Monthly costs (mortgage, management, insurance) £246
Monthly cash flow: £254

Return on investment: 16.4%