£37,000 PURCHASE. ABOUT £1,000/MONTH RENT.

First keys: 17 November 2025. The flat is finished and rented. Purchase, spend and rental figures below retain their original reporting basis.

Real kitchen renovation photos · Capture dates unconfirmed.

THE REPORTED FIGURES

Purchase price

£37,000 — reported by Stuart on 5 August 2026.

Renovation & fees estimate

About £13,000 including fees, possibly more — Stuart’s 5 August estimate, not a final renovation-only total.

Rent

About £1,000/month — reported in the later project record. Tenancy start and receipts still needed.

Profit estimate

Roughly £650/month previously reported. Costs are not itemised, so this is not an exact or independently reconstructed profit figure.

EXACT FIGURES STILL NEEDED

Acquisition costs

Tax, legal, survey and other purchase fees; identify what is already included in the £13,000 estimate.

Renovation total

Final materials, labour, appliances, furnishing and other spend; separate fees to avoid double-counting.

Rent & period

Tenancy start; actual rent received, arrears or refunds for one named reporting period.

Finance

Mortgage/finance balance, payments, interest, capital repayment and fees for that period; confirm if none.

Running costs

Service charges/factor fees, insurance, letting/management, repairs and other costs for the same period.

Council tax & utilities

Amounts and dates paid by the owner, including vacant/renovation periods; confirm any zero costs.

Profit / cash flow

Confirm which costs the approximate £650 includes. Exact profit and cash flow remain uncalculated.

WHAT THIS UPDATE CONFIRMS

Stuart reported the £37,000 purchase and approximate £13,000 spend including fees on 5 August. The 23 September project record reports about £1,000/month rent and roughly £650/month profit. The earlier £700 expected rent was a forecast, not the later rental figure. No exact yield or profit has been calculated from incomplete costs. Missing amounts are unknown, not £0.

Record reviewed 10 October 2026