Setting your budget

The minimum all-in entry budget including purchase price, related fees, any refurbishment costs and furnishing for rental occupation will be around £600,000. This will get you a one bedroomed flat in Prime Central London.

For a two bedroomed, two bathroomed flat, the all-in entry budget will be between £850,000 and £1,000,000. Within these budgets you can gear-up, meaning that your equity contribution can be significantly lower.

Property investment London: prices will start at £1,000-£1,500 per square foot for an unmodernised property values so be prepared for what your budget can afford.

As a rule of thumb, furnishing, Stamp Duty and fees will cost around 10% of the capital investment and there will be a further 10% to spend if a property needs full refurbishment from top to toe.

Legal conveyancing (leasehold property) 0.4% (minimum £2k)
Disbursements £200 (approximately)
Survey & valuation (Homebuyers Report) £750+VAT (minimum)
Graduated Stamp Duty Land Tax (SDLT) < £125,000 0% / 3% for additional properties
SDLT £125,001 to £250,000 2% / 5% for additional properties
SDLT £250,001 to £925,000 5% / 8% for additional properties
SDLT £925,001 to £1,500,000 10% / 13% for additional properties
SDLT £1,500,001 + 12% / 15% for additional properties
Land registry 0.1% (approximately)
Local search £200 (approximately)

linkedin icon twitter rss email icon

Twitter Feed