Current Phase
Phase 1 — Due Diligence
Phase 1 of 714%
Open Tasks
—
— high priority
Docs Outstanding
—
Still needed
Quotes
0
None yet
Est. Budget
TBC
Update in Finance
Do This Next
Upcoming
No diary entries yet — add in the Diary tab.
Recent Activity
How to use: Work through these phases in order. Tick off sub-tasks as you go and mark each phase Done when complete. This is your master guide for the whole project.
Total Budget (Estimated)
£ —
Fill in the table below
Projected Annual Income
£ —
5 units × council lease rate
Cost Plan — click any figure to edit
| Item | Budget (£) | Actual (£) | Status |
|---|---|---|---|
| Acquisition | |||
| Purchase price | Pre-purchase | ||
| Stamp Duty (SDLT) | Pre-purchase | ||
| Legal fees | Pre-purchase | ||
| Survey & searches | Pre-purchase | ||
| Design & Planning | |||
| Architect | Not started | ||
| Structural engineer | Not started | ||
| Planning fees | Not started | ||
| Building regulations | Not started | ||
| Construction | |||
| Main contractor works | Not started | ||
| Fit-out (kitchens, bathrooms) | Not started | ||
| External works | Not started | ||
| Finance & Holding | |||
| Development finance / bridging | Not started | ||
| Insurance (works period) | Not started | ||
| Other Costs | |||
| Contingency (10%) | — | Reserve | |
| Total Budget | £0 | £0 | |
Bridge Finance Calculator — prefilled with FFP quote
Gross facility (total lend)Lender's total incl. rolled interest & fee
Net day 1 advanceCash released on completion (75% LTV net)
Works funded in arrears
Works drawn over (months)How quickly you draw the works tranche
Interest rate (% per month, rolled)
Arrangement fee (%)
Months heldMin 3 months' interest; no ERC after that
Other lender costsValuation, lender legals, exit / admin fees
Arrangement fee
Rolled interest
Other lender costs
Total bridge cost
Redemption figure at exitWhat you repay when you refinance / sell
Assumes interest compounds monthly on the drawn balance, fee rolled into the loan, works drawn evenly. Works cost above the funded amount is client cash — keep it in the Construction lines (client funds shortfall first).
💰 Cash Required — what you need to put in
Purchase price
SDLT
Purchase costsYour legals, survey, valuation, broker
Other upfront cashArchitect, planning, anything paid before works
Total works budgetWhat the refurb will actually cost
Works float (months)Months of works you pay before lender reimburses
DepositPurchase price − net day 1 advance
Cash needed on Day 1
Works overspend (yours to fund)Works budget above the lender's funded amount
Works float (temporary)Comes back as the lender reimburses in arrears
Total cash committed
Interest & arrangement fee are rolled into the loan — no cash needed until you refinance or sell. SDLT estimate uses additional-property rates; confirm with your solicitor.
Income Projection
| Item | Per Unit (£/yr) | 5 Units (£/yr) | Notes |
|---|---|---|---|
| Council lease income | £0 | Confirm with housing officer | |
| Less: voids / mgmt (est.) | £0 | — | |
| Net Annual Income | £0 |
Track contractor quotes. Attach the actual quote document to each entry.
No quotes yet — add your first one above.
Upcoming Entries
No upcoming entries.
Costs (Predicted)
Acquisition
Purchase price
SDLT
Legal fees
Survey & searches
Design & Professional
Architect
Structural engineer
Planning fees
Building regs
Construction
Main contractor works
Fit-out (kitchens, bathrooms)
External works
Finance & Holding
Development finance / bridging
Insurance (works period)
Other costs
Contingency (%)Safety buffer — set 0 to remove
Contingency amount
Total Development Cost
GDV & Income (Predicted)
GDV — sale value of completed flatsWhat the 5 flats would fetch on open market
Annual council lease income (total)All 5 units combined per year
Annual management / service costs
Annual maintenance reserve
Refinance & Cash-Out (Predicted)
Refinance at (% of GDV)Loan-to-value on finished value
Mortgage interest rate (%)Interest-only pay rate
Predicted Results
Total Dev Cost
£0
All-in spend
GDV
£0
Gross Dev Value
Gross Profit
£0
GDV − TDC
Profit on Cost
0%
Profit ÷ TDC
Margin on GDV
0%
Profit ÷ GDV
Gross Yield
0%
Rent ÷ TDC
Net Yield
0%
Net income ÷ TDC
Monthly Cash Flow
£0
Net income ÷ 12
Annual Cash Flow
£0
Net income p.a.
Payback Period
—
Years to recover TDC
Refinance Loan
£0
75% of GDV
Cash Released
£0
Loan − total cost
Mortgage / month
£0
Interest-only
Cash Flow after Mortgage
£0
Rent − mortgage /mth
🎯 To pull ALL your cash out
Valuation (GDV) needed£0
Extra valuation needed£0
…or keep total cost under£0
5 & 10 Year Income
5-year net income£0
10-year net income£0
No log entries yet.
Risks & Issues: Log anything that could derail the project — planning refusal, cost overruns, void periods, finance falling through — with how you'll handle it. Review these regularly and at each phase.
No risks logged yet — add your first one above.