Set your budget
The minimum entry budget including purchase price, related fees, any refurbishment costs and furnishing for rental occupation will bet £500,000- 600,000. This will get you a one bedroomed flat in prime London central.
For a two bedroomed, two bathroomed flat, the entry budget will be between £750,000 and £1,000,000. Of course, within this you can gear-up, meaning that your equity contribution can be significantly lower.
As a rule of thumb, furnishing and fees will cost around 10% of the capital investment. If a property needs full refurbishment from top to toe, you may be looking at a further 12.5% of the capital value. This will be assessed on a case-by-case basis.
Property prices in London Central are based on square foot values so be prepared for what your budget can afford.
