Typical Costs

Property Type

1 Bed Apartment in

Central London

Purchase Price

Professional Fees (inc. VAT)

Search & Acquisition

Solicitor (inc. disburs.)

Stamp Duty

Flatbuyers Report/Valuation

Cost as Percentage of Price

£385,000

£4,523

£1,000

£11,550

£325

£17,398

3.9%

£550,000

£6,462

£1,200

£22,000

£575

£30,237

3.6%

N.B. A Product fee of up to 1% is sometimes charged by the mortgage company, but is often added to the loan amount.

Preparation Costs (before VAT)
These can vary considerably, depending on the condition of the property and what is included in the purchase price. Figures given are therefore average expenditure amounts, but are often considerably lower. In many cases, no refurbishment is necessary, at all.

Cost of Furnishings

Cost of Refurbishment

Furnishing fee (say)

Refurbishment fee (say)

£4,000

£7,000

15% of expenditure + VAT

£1,500

£2,500

15% of expenditure + VAT

Acquisition Costs | Services & Fees | Letting & Management | Other Expenses |