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  • Refurbish/Develop

    Semi-Detached Conversion

    Hi tribes! Had to make a new account because I lost Access to a old email linked to Facebook! Firstly thanks for all the great advice and tips all over the forum! Now to my question! Smile

    I am  looking  for a some advice on a idea of purchasing a semi detached property with the view to convert  it into two flats one of which I would then live in.
    Has anyone done anything similar? Is it a viable plan on a home owner  mortgage/ would planning permission be hard to get?

    Thanks in advance for any help!
    Mark
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    Morning Mark over the years I’ve converted many houses into Flats . 

    You will need full planning permission and building regs to do so . It may be cheaper to buy one already in flats rather than start from scratch? 

    However if you wish to do so make sure what you are converting is worth doing  financially . Make sure the figures stack up and there is a good profit in doing so . 

    Give yourself the option of being able to sell one or both off in the future . It may be better to go for a house on 3 floors rather than 2 and get 3 flats out of it . 

    You may well need parking to satisfy the Planners , once you have found a suitable property ask them straight away if it’s in the town centre you may not but Ofcause every property sells better with parking.
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    John, what in your experience should be the cost of converting a house into two flats (or three flats)?  Also looking at this and just trying to get a ballpark figure, as profit = the cost of house + cost of conversion - value of two flats (or three).

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    Some great advice from John above! There may be another problem with converting a semi? Please correct me if I am wrong but I have always understood that if you added another property on to a semi, you would need permission from the owner next door because you would in effect be turning their semi into an end terrace. I therefore have thought that the similar may apply to a flat conversion?

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    You will need Planning Permission.

    You need to ensure that you can meet the minimum room sizes.

    The most difficult thing that you will find will be achieving the Sound Proofing that you will require for building regulations.

    The last thing that you nee to consider is whether you really want to live below or above your tenant and vic versa.

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    Hi guys,

    I really appreciate all of your responses. Especially the parking and potentially considering a 3 storey property. Looks like I have to price up some places. I am curious would it be a viable option going on a home owner mortgage or would the lender not take kindly to me converting?

    Thanks again for taking time to read and answer my post Smile


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    You can't take out a residential (owner-occupier) mortgage if you are intending to convert the property; lenders don't allow for their security to be compromised.

    Unless you have cash, the only option is to use bridging finance to purchase and then remortgage to a term loan, once converted.

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