Ranjan, at minute 27:53 you said that you have to complete works for which planning permission has been granted within three years. Is that specific to permissions granted under PD? My understanding was that you had to make a substantial start to works for which permission was granted within three years.
Great video! Love these... really gives up to date, relevant to the market now, amazing insight into how to consider auction properties and options. Thanks guys
Thanks lads for the great video. Really appreciate it and it forces me to really think about flexible and profitable exit strategies. Obviously, the Luton one sold for £493,00 and Piotr should have bought the Deptford one years ago, as the owner must have made a small fortune, building the six flats and doing the HMO, which was an insightful and brilliant strategy. (perhaps invite them on as a guest). Hindsight, however is a wonderful thing and listening to you guys, reminds me that being an expert (even a clever one) is not the same as being a foreteller of the future.
A good little watch the one in Richmond is an interesting one good for yield and development under PD. I would look for potential planning too as there is scope to raise it another couple of floors as the next building. Few options at disposal.
1. Need to speak to a planning consultant (ideally ex-Richmond council). Figure out if building up is (ever) an option. If not, it’s only a yield play. 2. Why didn’t the current developer convert to resi? Clearly juice not worth the squeeze. 3. Agree with Ranjan. Not a great area.
I saw this in the auction and couldn't believe the guide price. I didn't have the capital but would definitely have gone for it otherwise. Know this area of Richmond very well and properties like this don't come up often; however looking at the number of vacant shops recently I wouldn't be surprised if more become available
very professional video also on the quality of video production! well done!
Ranjan, at minute 27:53 you said that you have to complete works for which planning permission has been granted within three years.
Is that specific to permissions granted under PD?
My understanding was that you had to make a substantial start to works for which permission was granted within three years.
good question, i thought the same
That's correct it is 3 years to start the works. Building regs need to sign off a first visit and register the works have commenced with the council.
Great video! Love these... really gives up to date, relevant to the market now, amazing insight into how to consider auction properties and options. Thanks guys
Glad you enjoyed it!
Great work.. keep it coming..
More to come!
Could you split the pub 999 year lease to ground and then separate the 1st floor so they are on separate leases?
Great watching, thanks gents
Glad you enjoyed it
Thanks lads for the great video. Really appreciate it and it forces me to really think about flexible and profitable exit strategies. Obviously, the Luton one sold for £493,00 and Piotr should have bought the Deptford one years ago, as the owner must have made a small fortune, building the six flats and doing the HMO, which was an insightful and brilliant strategy. (perhaps invite them on as a guest). Hindsight, however is a wonderful thing and listening to you guys, reminds me that being an expert (even a clever one) is not the same as being a foreteller of the future.
Ive spent all my life in luton... not alot to love... and ranjan isnt wrong luton has way to many office flat conversions...
A good little watch the one in Richmond is an interesting one good for yield and development under PD. I would look for potential planning too as there is scope to raise it another couple of floors as the next building. Few options at disposal.
Does ‘ugly duckling on an attractive road’ still carry for non-auction residential? Or should you aim for the inverse?
Any one follow up on what happened to these?
Richmond for me, and agree a no for the pub and for luton block..
1. Need to speak to a planning consultant (ideally ex-Richmond council). Figure out if building up is (ever) an option. If not, it’s only a yield play.
2. Why didn’t the current developer convert to resi? Clearly juice not worth the squeeze.
3. Agree with Ranjan. Not a great area.
Good entertainment
I saw this in the auction and couldn't believe the guide price. I didn't have the capital but would definitely have gone for it otherwise. Know this area of Richmond very well and properties like this don't come up often; however looking at the number of vacant shops recently I wouldn't be surprised if more become available
Deal One: failed auction recently!