I Made £__ Converting a House into 2 Flats
In this video, I talk about the property investing strategy which made me £60,000. I will walk you through the entire process, including the type of properties ideal for conversion, planning permission requirements, costs involved, and the profitability of the project. A key element to keep in mind when converting a property is ensuring each floor is at least 40 square meters and providing adequate parking spaces. This is important not only to get planning permissions but also to meet building regulations and utility splitting between the flats to guarantee safety and habitability.
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00:00 - Introduction
00:38 - Type of Properties to Convert
01:39 - Planning Permission Requirements
04:46 - Cost to Convert
06:34 - Self-Manage Build
07:18 - Save Money on Refurb
08:22 - How to Get Planning Permission
12:05 - Building Regulations
12:55 - Title Splitting & Utilities
14:15 - Profit
15:34 - Cash Flow
Пікірлер: 142
You can find the link itemised refurb list under the resources section here: bit.ly/notion-msg
@shiv7313
5 ай бұрын
kzread.info/dash/bejne/namCs8usidmykZs.html
Hey that video was brilliant. One of the best I’ve seen. Great value! Subscribed!
Bro this video was a different level, appreciate the time and effort you put into this, so many questions answered 💥💥💥💥
@ThatAhmedKhan
Жыл бұрын
Glad it was helpful!
Wow very informative, thanks for your effort in putting in so much detail!
Excellent video. I have been offered a property for 1.65M. It's pretty much half the price of properties in the road. I managed to raise 1M, l need to to raise 2.6M in total. The expected resale as flats is 4M. Would be great to see a video on this.
Another solid vid, thank u sir!👍🏼
@ThatAhmedKhan
Жыл бұрын
Glad you enjoyed it!
Very detailed, thanks for sharing
Great video with a lot of very useful information. Thanks Ahmed👍
@ThatAhmedKhan
Жыл бұрын
Glad it helped!
@shiv7313
5 ай бұрын
kzread.info/dash/bejne/namCs8usidmykZs.html
Another fantastic video thanks Arun
@ThatAhmedKhan
Жыл бұрын
Thank you!:)
Love to see breakdown of your costs.
Great video Ahmed - exceptional detail thank-you. What was the cost of turning the Freehold into 2 Leaseholds please and how long did the planning application take to process? I attended your LendLord webinar last week which was v. helpful.
You are amazing thank you very much for this video
Learning so much from you. THANKS
@ThatAhmedKhan
Жыл бұрын
I'm glad!
@shiv7313
5 ай бұрын
kzread.info/dash/bejne/namCs8usidmykZs.html
Great content. Question for you on a slightly different note, on a leasehold flat, when you send a LTA, do you include a a full list of plans etc? Do you put in a 14-day requirement? Or do you wait for them to respond (if they do) then provide them what they request to provide consent?
Could you please provide a reference for sound proofing design? Thanks!
Underrated
Valuable platform. We will also get there soon
@ThatAhmedKhan
Жыл бұрын
💯💯
Can you also do a video on how you manage your project remotely?
Salam Ahmed You didn't cover how to get around the issue of no parking provision. These days some planning authorities will accept a bicycle store instead. Not about stevenage though.
Hi Ahmed, do your purchase all of your investment properties with an interest only mortgage?
Great video bro. Do you have a video like this on how to convert a 1 bed flat into two bedrooms or even a 2/bed house into 3/beds thank you !
@ThatAhmedKhan
Жыл бұрын
I have a course in my channel. You can check out that :)
Hello could you send me a link to your cost breakdown as mentioned please
Great videos. Please send me the link to your costs breakdowns. Do you also provide the companies you used?
@ThatAhmedKhan
Жыл бұрын
I've pinned the list at the top of the comments. It will have the list of companies as well
Very helpful video, can you please send me the full costs. Thx
Interesting video 👍 Have you factored in the cost of remortgage (probably around 5k in this market in a limited company), bridging finance cost and loss of rent during the refurb/planning period? Also how were to able to borrow at below 3%? Was this deal done last year?
@ThatAhmedKhan
Жыл бұрын
I added all those under the finance, legals, etc yep, it was before this mortgage nightmare lol
Brov where were you back in January when I paid for a bloody course 14 000????? I've just found your channel about 2 days ago as I was growing frustrated with the course I purchased! Absolutely mindblowing the amount of value you share and I feel ripped off by the other ones! Just a question are you self-taught through trial and error or been through a property course?
Your costs are amazingly low. Most people would not get the professional fees and labour costs for anywhere near those prices.
Hi Ahmed, I would highly appreciate, if you could send a link. Thank you very much for sharing your experience and knowledge with us. 😊
@ThatAhmedKhan
Жыл бұрын
No problem! You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg :)
Hi can u send me a list of the costing s also the legal requirements to tern a house into two flats please
Top content as always ! please send me the link itemising the costs
@ThatAhmedKhan
Жыл бұрын
Thank you, Rina :) Look for 'itemised refurb list' under the resources section here, bit.ly/notion-msg
Do you get structural warranty? Or PCC? Have you included that in the calculations?
@ThatAhmedKhan
Жыл бұрын
I did - added it to the total refurb cost
Question for you. Did you model out what your financials would look like if you sell one flat and then get a full repayment mortgage on the remaining flat? You would be less exposed to interest rate fluctuations. You would be a accruing long term equity, albeit in one flat, not two.
@rob_m
Жыл бұрын
By my calculations, you would have one apartment worth 205k with a remaining mortgage of 58k (approx), I’m seeing £318 per month mortgage at 3.6% (2 year tracker). Of your rent is 950 or so, you can pay back your fir loan, then overpay to accrue equity in the remaining flat. That’s a repeatable model you have there. Any limitations in this line of thinking?
@ThatAhmedKhan
Жыл бұрын
nope that's exactly right! No limitations in that theoretically but you'd have to find the right deal to pull it off that's all
@rob_m
Жыл бұрын
@@ThatAhmedKhan cool. Thank you for the feedback.
@shiv7313
5 ай бұрын
kzread.info/dash/bejne/namCs8usidmykZs.html
The government just announced that planning permission isn’t required anymore. Can you do an updated video on your thoughts of this
@liszaf3976
6 ай бұрын
Not yet, it's in consultation!
Did you account for bridging fee costs & also the remortgage rates to make it profitable to rent out (6%) a mortgage of 75% ltv on £410k would work out to be £1500pm, how did you get it for £750? Is the £1950 per property of for both flats? Thanks.
@ThatAhmedKhan
Жыл бұрын
I accounted for bridging - it was pretty much paid off by the rent etc. I'd have to do the numbers at 6% tbh! and £1950 was for both
@rhysnewton
Жыл бұрын
@@ThatAhmedKhan what was paid off by the rent.. the mortgage costs? so you got a decent mortgage rate of 2/3% and was this a BTL mortgage? thanks for the help/info.
Hi Ahmed, thanks for this highly informative video. Please can you send me a link to the spreadsheet (showing the additional costs). Thank you.
@ThatAhmedKhan
Жыл бұрын
Here you go, bit.ly/notion-msg :) look for 'itemised refurb list' under the resources section.
@victorubong9328
Жыл бұрын
@@ThatAhmedKhan Thank you very much.
Thanks thanks thanks!!!! Please share link
@ThatAhmedKhan
Жыл бұрын
Please see pinned comment :)
Hi Ahmed, can you please provide me with the link itemising all the costs for the conversion as you mentioned in the video please! As always, thank you for providing such valuable information, your channel is excellent 🤝
@ThatAhmedKhan
Жыл бұрын
Appreciate that! :) Link in the pinned comment.
Would love to see your costs about to do exactly this!
@ThatAhmedKhan
Жыл бұрын
Hey mate, check here, bit.ly/notion-msg - under "property projects", there are other details also that might help
@MrRobertomendola
11 ай бұрын
@@ThatAhmedKhanNice 👍👍
Thanks Ahmed. May I have the itemised list of the costings please.
@shiv7313
5 ай бұрын
kzread.info/dash/bejne/namCs8usidmykZs.html
Nice
@ThatAhmedKhan
Жыл бұрын
Thanks bro!
@1:09 how did you get the price change history?
@beyond92five
Жыл бұрын
property log got it!
@ThatAhmedKhan
Жыл бұрын
Yup! Property Log :)
Do you have any knowledge on the german market ?
@ThatAhmedKhan
Жыл бұрын
I don't sorry!
Hi Ahmed, thanks for your content. Could you pls send the link for the itemised cost.thnx
@ThatAhmedKhan
Жыл бұрын
You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg
@bysaljaffar5500
Жыл бұрын
Many Thanks for the link Ahmed you're a star. Hope to book a call with you in a couple of weeks time for some advice. Just want to check on your 2nd message about WhatsApp plus number, sorry didn't get that-do you mean to say something Many thanks
Hi, here's another Khan! Me..:)
@ThatAhmedKhan
Жыл бұрын
Haha. Hey, bro! 👋
@J-oDean458
Жыл бұрын
@@ThatAhmedKhan Hello! 🙂 I'm Wazir, & i'm not quite good at speaking 'Peshawari Pashto' 😒 as I'm living in 'Peshawar Agriculture University'. so.. What region do you belong to ?
As always top notch video Please may i get the link for the itemized cost Thanks
@ThatAhmedKhan
Жыл бұрын
Thanks, mate! Find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg
@rajeshpokkali2811
Жыл бұрын
@@ThatAhmedKhan wow bless you for sharing the wealth of knowledge mate. Much appreciated and many thanks
Hi Ahmed, What will you suggest, private or council building control inspector ?
@ThatAhmedKhan
9 ай бұрын
Private is quicker :)
@user-bf4qh7pb2i
9 ай бұрын
@@ThatAhmedKhan Thank you. I am starting a similar project as this, house conversion into flat. In terms of splitting utilities, what is best way to get around it for water & gas. Thanks
This may be a silly question but is the £958 cashflow not taxed? Most likely 40%?
@xibokamania
Жыл бұрын
I wonder the same
@chrzmaxx9140
Жыл бұрын
under ltd corporation tax
I feel like I should be paying to watch this.
@ThatAhmedKhan
Жыл бұрын
mannn I've been watching your content for a couple of years now and purchased your courses last year which were mega helpful! I'd love to bounce ideas about youtube if you're ever free and more than happy to help with anything property related! :)
Hi Ahmed, I suppose you used architect to do your drawing, and submit the planning permission on your behalf?
@ThatAhmedKhan
6 ай бұрын
Yep correct :)
Can I have the link please,
@ThatAhmedKhan
Жыл бұрын
I pinned it to a comment above You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg
Great explanation as always Ahmed
@ThatAhmedKhan
Жыл бұрын
Thanks, bro! :)
Top notch video! Please can you share the itemised conversion cost? Appreciated, thanks!
@ThatAhmedKhan
Жыл бұрын
Appreciated! You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg :)
As far as I'm aware, UK banks won't issue interest-only loans unless you have a basic salary of 75k gbp (employed) In your case, are you buying the entire property upfront (e.g pay full amount cash) then add mortgage with interest-only or are you getting a mortgage first, with remortgage after say 1 year?
@ThatAhmedKhan
Жыл бұрын
that criteria is for residential mortgages I think - doesn't apply to BTL. Interest only mortgages are very standard for btl
hey Ahmed can you send me cost list you present here? Thanks!!
@ThatAhmedKhan
Жыл бұрын
See pinned comment :)
Please send me an itemised list. Thank you
@ThatAhmedKhan
11 ай бұрын
Here's the link where you can find it >> free property resources linktr.ee/ahmedkhann
Did he mortgage the house?
@ThatAhmedKhan
Жыл бұрын
the flats, yes
Why you converted the same house with Ravinder Aujla? are you two in the same company or one of you lied?
@PietroFGReal
6 ай бұрын
They're just business partners
This is using money efficiently and properly well done! Genius
@callumprice6352
Жыл бұрын
@@lawrencer25 yes but it’s constant for as long as he owns the property, it’s great investment name another investment that give you 27% returns it’s very good
@UKKameleon
Жыл бұрын
@@lawrencer25 Properties are not really about making life changing monthly cash flows. You generate long term wealth from the equity that increases over time which you can leverage for additional projects.
Assalamo alaykoum Ahmed Great video it’s all clear and precise 👌🏼 , could you please send me the link?
@ThatAhmedKhan
Жыл бұрын
Thank you! 🙏 Please look for 'itemised refurb list' under the resources section here, bit.ly/notion-msg
Great video, could you send me the link please?
@ThatAhmedKhan
Жыл бұрын
Thank you!:) I pinned it to a comment above.
Why are you using @Ravinder Aujla's pictures? thought I was going crazy then
@ThatAhmedKhan
6 ай бұрын
We are business partners :)
I'm confused Ravinder Aujla posted a video a year ago that he bought and converted this exact same property kzread.info/dash/bejne/namCs8usidmykZs.html
@ThatAhmedKhan
Жыл бұрын
We work together :)
God lol, you would need to sacrifice a lot before you break even...
How come ravinder aujla created a video on the same property- one of you is telling porky pies
@ThatAhmedKhan
6 ай бұрын
we work together :)
Hi Ahmed, thank you for sharing with us your experience. I found on youtube exactly this same example of photos from your apartments and I was confused if someone is not copying you. Title: I Converted This House Into 2 Flats Author: Ravinder Aujla kzread.info/dash/bejne/namCs8usidmykZs.html
Bro as someone who just wants to invest in property and not make it a hands-on business, what property strategy would you recommend?
@ThatAhmedKhan
Жыл бұрын
if you want the least amount of involvement, then a straight forward buy to let in a good residential area
Hi Ahmed, I think you need to adjust the shutter speed of your camera to stop the dark lines going down the video
@ThatAhmedKhan
Жыл бұрын
Hey, would look on that. Thank you! :)
“Stairs that went upstairs” 😂😂😂😂
@ThatAhmedKhan
Жыл бұрын
lool is that what i said
@emmanuelfinance921
Жыл бұрын
@@ThatAhmedKhanare you going to share the itemised link or did you just say you would share it just to get people to comment, which would push the video views but you had no intension of sharing it?
@ThatAhmedKhan
Жыл бұрын
@@emmanuelfinance921 I pinned it to a comment above You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg
@emmanuelfinance921
Жыл бұрын
@@ThatAhmedKhan thank you 👌
I just saw this exact property on a video by @RavinderAujla but his video was made a year before yours. What’s the deal with that? Do you work together?
pls update ur discord link.... when creating the discord link you need to tick the box that says it does not expire otherwise it expires every 15 days
@ThatAhmedKhan
Жыл бұрын
link updated:)
Can i contact you please for more information . Is there any way to have a conversation with , even for 15 minutes ?
@ThatAhmedKhan
Жыл бұрын
Sure! :) Please check, 'Work with me' here, bit.ly/notion-msg