1 / 13IN PROGRESSWe won this ex-council flat at online auction for £265,000 against a £225,000 guide price, and financed it with a 12-month bridging loan because the freeholder hadn't yet issued the Building Safety Act certificate a normal mortgage needs. The plan is a full rewire, relocated heating, and new finishes throughout, all without touching the concrete frame. We originally planned a second bathroom, but the freeholder refused any work on the shared soil stack, so the flat will have one bathroom and a separate WC with a sink. The strip-out, wall removal, full rewire and boiler relocation are done. As of our latest update, the walls are plastered and skimmed, the kitchen units, oven, skirting and all eight internal doors are fitted, and flooring is going down. What's left is the bathrooms, the kitchen appliances, and finishes before we refinance against a £400,000 to £425,000 valuation.
- Read the full refurbishment story: We Just Bought a £265k Ex-Council Flat at Auction in Putney: Inside Our Newest BRRR Project
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- Read the full refurbishment story: Last Wall Down, Rewire Done: Innes Gardens, Two Weeks On
- Read the full refurbishment story: Walls Skimmed, Floors Going Down, Budget Up to £50k: Innes Gardens, Two Weeks On
- Read the full refurbishment story: Kitchen Fitted, Doors Hung, and a Second Bathroom We Can't Build: Innes Gardens Update