Buying property

Commercial Conversions

The biggest uplifts in UK property.

What this strategy is

Converting offices, shops and other commercial buildings into residential units, often via permitted development. The margins are the largest in property, and so is the risk: planning, build cost and finance all have to work.

What you’ll learn

  • Why conversions produce the largest uplifts
  • Appraising a scheme: units, costs, end values
  • Prior approval versus full planning
  • Development finance and investor structures
  • Delivering and exiting the scheme

At a glance

Capital needed
High, development finance and equity
Time to first income
12–24 months
Best suited to
Experienced investors ready for development risk
See membership options →Start with a book →

Common questions

What is permitted development for commercial to residential?

Certain commercial-to-residential changes can proceed via a prior approval process rather than full planning permission, subject to conditions and limits that change over time. Always confirm the current position for your building and council.

How much money do I need for a conversion?

Materially more than a refurbishment. You typically need equity, development finance and a contingency, plus the ability to carry the project if it overruns.

Do I need to be a developer already?

No, but you need a team: planning consultant, architect, quantity surveyor, contractor and a broker. This is the strategy where mentoring pays for itself.

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