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.
📚 Free Courses, Resources, Etc: linktr.ee/ahmedkhann
👋 Website: www.ahmed-khan.com/
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#ahmedkhanproperty #realestateinvesting #propertyinvestinguk #propertyinvestor #propertydevelopment #realestatebeginner #brrrrstrategy #buytolet
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

  • @ThatAhmedKhan
    @ThatAhmedKhan Жыл бұрын

    You can find the link itemised refurb list under the resources section here: bit.ly/notion-msg

  • @shiv7313

    @shiv7313

    5 ай бұрын

    kzread.info/dash/bejne/namCs8usidmykZs.html

  • @SuperMarioUno
    @SuperMarioUnoАй бұрын

    Hey that video was brilliant. One of the best I’ve seen. Great value! Subscribed!

  • @goslinggosling
    @goslinggosling Жыл бұрын

    Bro this video was a different level, appreciate the time and effort you put into this, so many questions answered 💥💥💥💥

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Glad it was helpful!

  • @liszaf3976
    @liszaf39766 ай бұрын

    Wow very informative, thanks for your effort in putting in so much detail!

  • @TheForexplanet
    @TheForexplanet8 ай бұрын

    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.

  • @JL-uy8sw
    @JL-uy8sw Жыл бұрын

    Another solid vid, thank u sir!👍🏼

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Glad you enjoyed it!

  • @BT-sharky
    @BT-sharky3 ай бұрын

    Very detailed, thanks for sharing

  • @EvertJanNieuwkerk
    @EvertJanNieuwkerk Жыл бұрын

    Great video with a lot of very useful information. Thanks Ahmed👍

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Glad it helped!

  • @shiv7313

    @shiv7313

    5 ай бұрын

    kzread.info/dash/bejne/namCs8usidmykZs.html

  • @lannyman110
    @lannyman110 Жыл бұрын

    Another fantastic video thanks Arun

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thank you!:)

  • @jayph77
    @jayph774 күн бұрын

    Love to see breakdown of your costs.

  • @Pete_Sam
    @Pete_Sam8 ай бұрын

    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.

  • @craigcoates6247
    @craigcoates62473 ай бұрын

    You are amazing thank you very much for this video

  • @Nadfab
    @Nadfab Жыл бұрын

    Learning so much from you. THANKS

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    I'm glad!

  • @shiv7313

    @shiv7313

    5 ай бұрын

    kzread.info/dash/bejne/namCs8usidmykZs.html

  • @startrack3744
    @startrack37447 ай бұрын

    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?

  • @RahejaRanveer
    @RahejaRanveer9 ай бұрын

    Could you please provide a reference for sound proofing design? Thanks!

  • @raza3999
    @raza3999 Жыл бұрын

    Underrated

  • @4X_Markets
    @4X_Markets Жыл бұрын

    Valuable platform. We will also get there soon

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    💯💯

  • @yvettetam6871
    @yvettetam6871 Жыл бұрын

    Can you also do a video on how you manage your project remotely?

  • @bestiegrand6017
    @bestiegrand6017 Жыл бұрын

    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.

  • @tomnolan3485
    @tomnolan3485 Жыл бұрын

    Hi Ahmed, do your purchase all of your investment properties with an interest only mortgage?

  • @GASA90
    @GASA90 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    I have a course in my channel. You can check out that :)

  • @stickeefingaz
    @stickeefingaz Жыл бұрын

    Hello could you send me a link to your cost breakdown as mentioned please

  • @blackeditionuk
    @blackeditionuk Жыл бұрын

    Great videos. Please send me the link to your costs breakdowns. Do you also provide the companies you used?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    I've pinned the list at the top of the comments. It will have the list of companies as well

  • @paulelderfield4311
    @paulelderfield43115 күн бұрын

    Very helpful video, can you please send me the full costs. Thx

  • @davidcalvert-smith4633
    @davidcalvert-smith4633 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    I added all those under the finance, legals, etc yep, it was before this mortgage nightmare lol

  • @dragosmarin6293
    @dragosmarin6293 Жыл бұрын

    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?

  • @immers2410
    @immers2410 Жыл бұрын

    Your costs are amazingly low. Most people would not get the professional fees and labour costs for anywhere near those prices.

  • @janeyumasheva8599
    @janeyumasheva8599 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    No problem! You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg :)

  • @FRESHLIVINGSPACE
    @FRESHLIVINGSPACE3 ай бұрын

    Hi can u send me a list of the costing s also the legal requirements to tern a house into two flats please

  • @rina8208
    @rina8208 Жыл бұрын

    Top content as always ! please send me the link itemising the costs

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thank you, Rina :) Look for 'itemised refurb list' under the resources section here, bit.ly/notion-msg

  • @davidcalvert-smith4633
    @davidcalvert-smith4633 Жыл бұрын

    Do you get structural warranty? Or PCC? Have you included that in the calculations?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    I did - added it to the total refurb cost

  • @rob_m
    @rob_m Жыл бұрын

    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

    @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

    @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

    @rob_m

    Жыл бұрын

    @@ThatAhmedKhan cool. Thank you for the feedback.

  • @shiv7313

    @shiv7313

    5 ай бұрын

    kzread.info/dash/bejne/namCs8usidmykZs.html

  • @martinea199
    @martinea1998 ай бұрын

    The government just announced that planning permission isn’t required anymore. Can you do an updated video on your thoughts of this

  • @liszaf3976

    @liszaf3976

    6 ай бұрын

    Not yet, it's in consultation!

  • @rhysnewton
    @rhysnewton Жыл бұрын

    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

    @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

    @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.

  • @victorubong9328
    @victorubong9328 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    Here you go, bit.ly/notion-msg :) look for 'itemised refurb list' under the resources section.

  • @victorubong9328

    @victorubong9328

    Жыл бұрын

    @@ThatAhmedKhan Thank you very much.

  • @v522v
    @v522v Жыл бұрын

    Thanks thanks thanks!!!! Please share link

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Please see pinned comment :)

  • @emmanuelfinance921
    @emmanuelfinance921 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    Appreciate that! :) Link in the pinned comment.

  • @MrTeaWalker
    @MrTeaWalker Жыл бұрын

    Would love to see your costs about to do exactly this!

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Hey mate, check here, bit.ly/notion-msg - under "property projects", there are other details also that might help

  • @MrRobertomendola

    @MrRobertomendola

    11 ай бұрын

    ​@@ThatAhmedKhanNice 👍👍

  • @watty22
    @watty228 ай бұрын

    Thanks Ahmed. May I have the itemised list of the costings please.

  • @shiv7313

    @shiv7313

    5 ай бұрын

    kzread.info/dash/bejne/namCs8usidmykZs.html

  • @khtan585
    @khtan585 Жыл бұрын

    Nice

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thanks bro!

  • @beyond92five
    @beyond92five Жыл бұрын

    @1:09 how did you get the price change history?

  • @beyond92five

    @beyond92five

    Жыл бұрын

    property log got it!

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Yup! Property Log :)

  • @Gragoon
    @Gragoon Жыл бұрын

    Do you have any knowledge on the german market ?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    I don't sorry!

  • @bysaljaffar5500
    @bysaljaffar5500 Жыл бұрын

    Hi Ahmed, thanks for your content. Could you pls send the link for the itemised cost.thnx

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg

  • @bysaljaffar5500

    @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

  • @J-oDean458
    @J-oDean458 Жыл бұрын

    Hi, here's another Khan! Me..:)

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Haha. Hey, bro! 👋

  • @J-oDean458

    @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 ?

  • @rajeshpokkali2811
    @rajeshpokkali2811 Жыл бұрын

    As always top notch video Please may i get the link for the itemized cost Thanks

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thanks, mate! Find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg

  • @rajeshpokkali2811

    @rajeshpokkali2811

    Жыл бұрын

    @@ThatAhmedKhan wow bless you for sharing the wealth of knowledge mate. Much appreciated and many thanks

  • @user-bf4qh7pb2i
    @user-bf4qh7pb2i9 ай бұрын

    Hi Ahmed, What will you suggest, private or council building control inspector ?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    9 ай бұрын

    Private is quicker :)

  • @user-bf4qh7pb2i

    @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

  • @Ringo.x
    @Ringo.x Жыл бұрын

    This may be a silly question but is the £958 cashflow not taxed? Most likely 40%?

  • @xibokamania

    @xibokamania

    Жыл бұрын

    I wonder the same

  • @chrzmaxx9140

    @chrzmaxx9140

    Жыл бұрын

    under ltd corporation tax

  • @FilmBooth
    @FilmBooth Жыл бұрын

    I feel like I should be paying to watch this.

  • @ThatAhmedKhan

    @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! :)

  • @edwardheung4996
    @edwardheung49966 ай бұрын

    Hi Ahmed, I suppose you used architect to do your drawing, and submit the planning permission on your behalf?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    6 ай бұрын

    Yep correct :)

  • @MansoorAman
    @MansoorAman Жыл бұрын

    Can I have the link please,

  • @ThatAhmedKhan

    @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

  • @Dr.JubairsFinance
    @Dr.JubairsFinance Жыл бұрын

    Great explanation as always Ahmed

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thanks, bro! :)

  • @solomonbeazer7685
    @solomonbeazer7685 Жыл бұрын

    Top notch video! Please can you share the itemised conversion cost? Appreciated, thanks!

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Appreciated! You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg :)

  • @iulianivighenie
    @iulianivighenie Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    that criteria is for residential mortgages I think - doesn't apply to BTL. Interest only mortgages are very standard for btl

  • @eylon100
    @eylon100 Жыл бұрын

    hey Ahmed can you send me cost list you present here? Thanks!!

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    See pinned comment :)

  • @yvettetam6871
    @yvettetam6871 Жыл бұрын

    Please send me an itemised list. Thank you

  • @ThatAhmedKhan

    @ThatAhmedKhan

    11 ай бұрын

    Here's the link where you can find it >> free property resources linktr.ee/ahmedkhann

  • @hamza361
    @hamza361 Жыл бұрын

    Did he mortgage the house?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    the flats, yes

  • @kaia3526
    @kaia352610 ай бұрын

    Why you converted the same house with Ravinder Aujla? are you two in the same company or one of you lied?

  • @PietroFGReal

    @PietroFGReal

    6 ай бұрын

    They're just business partners

  • @callumprice6352
    @callumprice6352 Жыл бұрын

    This is using money efficiently and properly well done! Genius

  • @callumprice6352

    @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

    @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.

  • @abderance
    @abderance Жыл бұрын

    Assalamo alaykoum Ahmed Great video it’s all clear and precise 👌🏼 , could you please send me the link?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thank you! 🙏 Please look for 'itemised refurb list' under the resources section here, bit.ly/notion-msg

  • @garyrseneviratne
    @garyrseneviratne Жыл бұрын

    Great video, could you send me the link please?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Thank you!:) I pinned it to a comment above.

  • @sunilgill5874
    @sunilgill58746 ай бұрын

    Why are you using @Ravinder Aujla's pictures? thought I was going crazy then

  • @ThatAhmedKhan

    @ThatAhmedKhan

    6 ай бұрын

    We are business partners :)

  • @amandaoll
    @amandaoll Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    We work together :)

  • @i-hsiuchiang8569
    @i-hsiuchiang8569 Жыл бұрын

    God lol, you would need to sacrifice a lot before you break even...

  • @scott564little
    @scott564little6 ай бұрын

    How come ravinder aujla created a video on the same property- one of you is telling porky pies

  • @ThatAhmedKhan

    @ThatAhmedKhan

    6 ай бұрын

    we work together :)

  • @Adrian-vg9cu
    @Adrian-vg9cu2 ай бұрын

    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

  • @aryankhalid7989
    @aryankhalid7989 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    if you want the least amount of involvement, then a straight forward buy to let in a good residential area

  • @TheMinecraftSandbox
    @TheMinecraftSandbox Жыл бұрын

    Hi Ahmed, I think you need to adjust the shutter speed of your camera to stop the dark lines going down the video

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Hey, would look on that. Thank you! :)

  • @suhail45678
    @suhail45678 Жыл бұрын

    “Stairs that went upstairs” 😂😂😂😂

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    lool is that what i said

  • @emmanuelfinance921

    @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

    @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

    @emmanuelfinance921

    Жыл бұрын

    @@ThatAhmedKhan thank you 👌

  • @Mowgliy2k
    @Mowgliy2k4 ай бұрын

    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?

  • @henrylarkins4119
    @henrylarkins4119 Жыл бұрын

    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

    @ThatAhmedKhan

    Жыл бұрын

    link updated:)

  • @MambaMentality91
    @MambaMentality91 Жыл бұрын

    Can i contact you please for more information . Is there any way to have a conversation with , even for 15 minutes ?

  • @ThatAhmedKhan

    @ThatAhmedKhan

    Жыл бұрын

    Sure! :) Please check, 'Work with me' here, bit.ly/notion-msg