House Renovation Tour - Before and After | UK Property Flipping

[@MattBrighton]

Have you been following the series? Check it out here: kzbin.info/www/bejne/h4S3o3WioKqinKM

[@joelpalmer6869]

Currently doing the exact same thing and so motivating to see your before and afters! You've done a really smart job there mate 👍

[@MattBrighton]

Awesome! Thank you! - Hope your project goes well!

[@theblondeexplorer756]

The bathroom looks amazing!

[@ismailakbar6449]

Hi Matt how did you learn how to get started in property development I want to start using some money from my current company I run not sure where to start.

[@MattBrighton]

Self taught and read a lot of magazines and podcasts. I highly recommend the property hub podcast - great for beginners

[@kennieo7107]

Awesome transformation and profit! How many times did you have to physically travel up North to oversee the project? and did that start to add up in terms of cost?

[@MattBrighton]

Good question! I need to finish it all off in Xero to work out total milage, I went up probably about 6 - 7 times, however with family being from there it meant I was staying a week at a time, drive from London is about 160 miles each way for each trip, then plus the short drive from family to the house. Through the company I'll be able to wipe out about £2000 - £3000 of taxable profits through milage allowance (45p per mile) which isn't bad!

[@clintonliem7561]

Congratulations man. Excellent work.

[@MattBrighton]

Many many thanks!

[@Huwsview]

Great job all around Matt! £450 profit on a single let is excellent! I think your finish is superb, particularly considering yo did the vast majority of it yourself. WELL DONE!! I'm pleased to hear you're considering Commercial to Resi. There are a lot of transferrable skills, there are SO many opportunities out there, and the transformation tends to be more dramatic and satisfying (IMO). The downsides to C2R are mainly the timescales, additional risks, additional requirements (ie. soundproofing), and potentially liquidity (your money's tied up for longer). But I can't help but think it's worth the effort. Congratulations once again on an excellent transformation, wonderful returns, and sharing the process with us. I look forward to hearing about the next one... 😄👏👏👏

[@MattBrighton]

Very surprised how this turned out! Turns out the rental demand is even higher, almost touching £800 so will easily clear £500 a month that'll get re-invested at some point, due to the way I financed this (didn't get a bridge and instead just normal mortgage and funded refurb myself which was an intentional decision) but in 2 years when I refinance, I should only leave about £4k in to generate 6k profit per annum which isn't a bad return! Has been great working on this but definitely feel that moving to C2R isn't as daunting now and my skills are definitely best used to manage the project higher up rather than getting stuck in day to day! Will be good once this is rented out to have the headspace to start looking at more off-market deals. Every time I walk around Sheffield I see SO MANY old commercial buildings with so much potential.

[@Huwsview]

@@MattBrighton Woohoo, great news! Beautiful ROI after refinancing. Gotta love property! 😁 I'm not surprised Matt. Keep us all posted on the C2R moves!

[@robbiegray958]

Congratulations Matt. Looks amazing 👏

[@MattBrighton]

Thanks a ton! Glad it's almost over haha

[@Stephanie-Bonnet]

This is looking so clean and high quality. Amazing work Matt. Really interesting to also hear your thinking about mext steps. I have no doubt you’ll be very successful there too. Best of luck

[@MattBrighton]

Looking forward to growing the business bigger and stepping back a bit to work more strategically and best use my skills!

[@dominics5133]

Massive congratulations on your project! Looks super slick and modern. I'm also thinking of getting some Lick brand paint colours for the house - really nice shade of green! Great to see you sharing honest review about your buy-to-let experiences and that it's not necessarily for everyone!

[@MattBrighton]

Lick paint worked brilliantly! Expensive stuff but all the trades who came in commented on how nice the colours were. I debated painting feature walls in more rooms but felt like an unncecessary expense. Plus it's the kitche and bathroom that really sell a place :)

[@chocalas]

Congrats this looks great!

[@MattBrighton]

Thanks! Plenty of enquiries on it

[@jirooweh3346]

Hi Matt. Nice job. Would appreciate if you can send the link for the LVT flooring. Love the look and your review.

[@andrewf.1598]

Love your channel:) will we see you on Homes Under the Hammer soon?!

[@MattBrighton]

Maybe one day!

[@alexwilson7235]

Mate honestly I really enjoy watching your channel you're my favourite KZbinr. Could you explain to us how to start the renovation? Where do you buy your stuff form? I'm looking for house to live not for investment. I did learn from you a lot thank you so much you again and you are legend mate :) BTW, I really like you taste of the renovation.

[@MattBrighton]

Love it, thanks! It was very strange going into the house on the first day, a bit of an 'oh crap' moment. I had random hand tools anyway but I had to do a few trips to wickes (with 10% trade discount) to buy a few extra bits. If I was going to recommend some key tools I i used. Some tools were from screwfix, and I found a website called SGS Engineering that are an authorised milwaukee dealer. I considered DeWalt and Makita power tools as well but settled on Milwaukee for the reviews being superior to the other two brands :) - Heavy weight hammer - Crow / Prize bar - Multi Tool (Milwaukee) - Jigsaw (Milwaukee) - Hammer Drill (Milwaukee) - Impact Driver (Milwaukee)

[@stillanemptypocket]

Looks good and well done on keeping your costs down. How do you calculate a 30% ROI ?

[@MattBrighton]

Calculating it as a return on cost (profit / my capital in). Have another video with updated figures as the house price was changing quite a bit during the refurb.

[@karimbelhadj3871]

Great work Matt. Thx for sharing your experience. Any reason why you didn’t open the kitchen & sitting room? Was it the cost or was the property leasehold?

[@MattBrighton]

More so the cost - all the walls in the property are solid brick so without a structural engineer hard to tell which walls are supporting. If it was my own property I'd look into it but with it being a buy to let decided not to add the expense.

[@EsiriE]

You did a great job on the property! looks soo modern. How does one manage to estimate renovation costs?

[@MattBrighton]

I have another video on my channel about viewings - it also covers a framework to cost up refurbs

[@bartoni79]

Great vid! What’s the most valuable trade skill that you used ie tiling and did you go on a course for it?

[@MattBrighton]

No courses for skills. Great question! Tiling is useful and it can quickly make a room look way nicer! I think generally taking the time to learn how to fit the kitchen and bathroom. Turned out to be super easy and saved thousands of pounds

[@Real_Matt]

Hi Matt Could you please link the flooring you used upstairs and downstairs please - kitchen/bathroom

[@MattBrighton]

Carpets were from a local supplier, just a dark grey normal carpet. LVT flooring and the bathroom is from UK Flooring Direct

[@alanmcavoy9494]

Hi Matt, how come you decided not to go with DIY kitchens in the end?

[@MattBrighton]

Lead time was too long - wish I could have used them heard loads of good things. They couldn't deliver for 3.5 months, howdens literally came in, measured up for free and delivered next day, including the onboarding time as a new customer, they also put it all on credit on my account so could pay later.

[@MrSafira86]

Its great but I think you spend money in a few windows and doors that were ok to cont. use. But generally nice work

[@MattBrighton]

Without the windows and doors would have saved a good £3200 but better for long run. Original front door was in very bad condition

[@MrSafira86]

@@MattBrighton ​ without them imagine the amount of GAS/electricity the tenants would spend! 😂😉Great job! xx

[@MattBrighton]

@@MrSafira86 I definitely worried more about safety of the house haha. The front door could have so easily been kicked through. The main lock didn’t work so was only a top latch for ages! World of difference having a composite front door now! 😁

[@MrSafira86]

@@MattBrighton 😅really people lived there without main lock working properly? 🙄

[@mannytv766]

All that renovation for £6700? Wow that’s amazing

[@MattBrighton]

£6500 costs (legal / stamp) then £17k on the refurb 😊

[@michaelF94]

Hi Matt, Love the content thank you! Quick question about your company structure. Does your holding company own 100% shares in your buy2let company? How easy was it getting a mortgage for a company which sole share holder is also a company 😅 Thanks in advance Mike

[@MattBrighton]

Hi Mike - yep the subsidiary is owned fully by the holding company. Found it pretty easy, lots of lenders deal with holding company structures as they're more interested in the UBO - ultimate beneficiary owner which is 100% me of the holding company so that makes it easy for them.

[@michaelF94]

@@MattBrighton Hi Matt, that’s great thank you for the insight! All the best

[@bowen6763]

You are doing great, keep it up! Your content deserves a service like P R O M O S M!

[@adamellistutorials]

Costs if you did no work?

[@MattBrighton]

Good question - maybe 30-40% more

[@marie-louiseleroux828]

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