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This message was sent to info@barrydanser.com from: Barry Danser | 266 Belsize Road, London, NW6 4BT | London, Kilburn NW6 4BT, United Kingdom |
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This message was sent to info@barrydanser.com from: Barry Danser | 266 Belsize Road, London, NW6 4BT | London, Kilburn NW6 4BT, United Kingdom |
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This is the ' Bowling House'
It has a 4 – two bedrooms apt in the back
The house itself has a 2 bedroom 2 bathroom
I had just contacted the owner and she reduced the selling price to USD $350,000,-
The monthly rental income is USD $3600,-
The yearly rental income is USD $43,200,-
The R.O.I is 12.35% per year
The location is one mile from the 'Eagle Beach'
Well I have to say there are so many of you that ask me various questions about planning
and how to go about it.
Its clear to me that sometimes we are a little too quick to seek planning for a project without checking
the viability.
Also why did one of my clients the other day want to arrange planning by discussion with a planning officer?
Well I stopped him straight away !
The first reasoning on this is that a lot of people think that the local authorities are the experts in the area.
Well surely I suggested that the experts in the are were the locals?
Those people that let/manage build are architects or Surveyors these are the people who make such a difference to your world.
So an example 3 bed house – convert this to 3 1 bed flats
1. Is there a demand for 1 bed flats in the area ? If its a family area or the demand is for
2 to 3 bed family type dwellings then you should go with the demand.
2 Would the property be better off as an HMO? Some areas are low cost so renting a 1 bed flat
may well be a no no in situations like this . However a buoyant student or LHA demand may exist
3. What about your local neighbours? Whats their opinion?
4. Don’t assume a high percentage of permissions will allow you to succeed . I do know of a council who changed their policy after flooding their area with HMO’s and then disallowing them a few months later because of saturation.
So should your plan be to convert into flats, HMO’s or what?
As usual you need to crunch the numbers but as you crunch the numbers just remember to get
your figures into practical usage there has to be a demand in the area.
If you have concerns of how to proceed with planning and strategy in your area please email me on info@barrydanser.com with your telephone number to see if I can help
Barry Danser
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Please see attached the planning drawing for Norbury. Each House valued at £600,000£600,000.Asking price 975,000
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| You can see this post by clicking here http://realtimementoring.com/?p=64 |
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| The Bendy Bus | realtimementoring Source: realtimementoring.com Mar 03 Looking to invest in anything these days is tough. Doing it with little or no money is an absolute knack. You have to get it right. Bur even if you have a JV partner or back up money from your uncle You still don’t want a bendy bus. Lets face it have you ever wondered who came up with this ridiculous idea? I’ll tell you what I think and you can let me know if you feel this is even half right Somebody looked at a way to make more money. The bus companies /manufacturers came up with … |
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