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

[@ThatAhmedKhan]

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

[@shiv7313]

kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@goslinggosling]

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

[@ThatAhmedKhan]

Glad it was helpful!

[@SuperMarioUno]

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

[@liszaf3976]

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

[@TheForexplanet]

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]

Another solid vid, thank u sir!👍🏼

[@ThatAhmedKhan]

Glad you enjoyed it!

[@BT-sharky]

Very detailed, thanks for sharing

[@lannyman110]

Another fantastic video thanks Arun

[@ThatAhmedKhan]

Thank you!:)

[@EvertJanNieuwkerk]

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

[@ThatAhmedKhan]

Glad it helped!

[@shiv7313]

kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@Pete_Sam]

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.

[@startrack3744]

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?

[@Nadfab]

Learning so much from you. THANKS

[@ThatAhmedKhan]

I'm glad!

[@shiv7313]

kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@craigcoates6247]

You are amazing thank you very much for this video

[@raza3999]

Underrated

[@RahejaRanveer]

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

[@yvettetam6871]

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

[@GASA90]

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]

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

[@tomnolan3485]

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

[@FinancialTipss]

Valuable platform. We will also get there soon

[@ThatAhmedKhan]

💯💯

[@bestiegrand6017]

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.

[@blackeditionuk]

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

[@ThatAhmedKhan]

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

[@stickeefingaz]

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

[@FRESHLIVINGSPACE]

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

[@immers2410]

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

[@dragosmarin6293]

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?

[@davidcalvert-smith4633]

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]

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

[@davidcalvert-smith4633]

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

[@ThatAhmedKhan]

I did - added it to the total refurb cost

[@janeyumasheva8599]

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]

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

[@rob_m]

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]

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]

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]

@@ThatAhmedKhan cool. Thank you for the feedback.

[@shiv7313]

kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@martinea199]

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

[@liszaf3976]

Not yet, it's in consultation!

[@rhysnewton]

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]

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]

@@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.

[@watty22]

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

[@shiv7313]

kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@rina8208]

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

[@ThatAhmedKhan]

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

[@v522v]

Thanks thanks thanks!!!! Please share link

[@ThatAhmedKhan]

Please see pinned comment :)

[@victorubong9328]

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]

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

[@victorubong9328]

@@ThatAhmedKhan Thank you very much.

[@MrTeaWalker]

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

[@ThatAhmedKhan]

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

[@MrRobertomendola]

​@@ThatAhmedKhanNice 👍👍

[@emmanuelfinance921]

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]

Appreciate that! :) Link in the pinned comment.

[@bysaljaffar5500]

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

[@ThatAhmedKhan]

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

[@bysaljaffar5500]

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

[@rajeshpokkali2811]

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

[@ThatAhmedKhan]

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

[@rajeshpokkali2811]

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

[@edwardheung4996]

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

[@ThatAhmedKhan]

Yep correct :)

[@Gragoon]

Do you have any knowledge on the german market ?

[@ThatAhmedKhan]

I don't sorry!

[@Ringo.x]

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

[@xibokamania]

I wonder the same

[@chrzmaxx9140]

under ltd corporation tax

[@FilmBooth]

I feel like I should be paying to watch this.

[@ThatAhmedKhan]

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! :)

[@user-bf4qh7pb2i]

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

[@ThatAhmedKhan]

Private is quicker :)

[@user-bf4qh7pb2i]

@@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

[@J-oDean458]

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

[@ThatAhmedKhan]

Haha. Hey, bro! 👋

[@J-oDean458]

@@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 ?

[@khtan585]

Nice

[@ThatAhmedKhan]

Thanks bro!

[@beyond92five]

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

[@beyond92five]

property log got it!

[@ThatAhmedKhan]

Yup! Property Log :)

[@solomonbeazer7685]

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

[@ThatAhmedKhan]

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

[@iulianivighenie]

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]

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

[@eylon100]

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

[@ThatAhmedKhan]

See pinned comment :)

[@MansoorAman]

Can I have the link please,

[@ThatAhmedKhan]

I pinned it to a comment above You can find the 'itemised refurb list' under the resources section here: bit.ly/notion-msg

[@yvettetam6871]

Please send me an itemised list. Thank you

[@ThatAhmedKhan]

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

[@Dr.JubairsFinance]

Great explanation as always Ahmed

[@ThatAhmedKhan]

Thanks, bro! :)

[@hamza361]

Did he mortgage the house?

[@ThatAhmedKhan]

the flats, yes

[@abderance]

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

[@ThatAhmedKhan]

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

[@callumprice6352]

This is using money efficiently and properly well done! Genius

[@callumprice6352]

@@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]

@@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.

[@garyrseneviratne]

Great video, could you send me the link please?

[@ThatAhmedKhan]

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

[@kaia3526]

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

[@PietroFGReal]

They're just business partners

[@sunilgill5874]

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

[@ThatAhmedKhan]

We are business partners :)

[@Adrian-vg9cu]

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 kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@i-hsiuchiang8569]

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

[@amandaoll]

I'm confused Ravinder Aujla posted a video a year ago that he bought and converted this exact same property kzbin.info/www/bejne/oaaxgpypjtt_l5o

[@ThatAhmedKhan]

We work together :)

[@scott564little]

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

[@ThatAhmedKhan]

we work together :)

[@aryankhalid7989]

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]

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

[@TheMinecraftSandbox]

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

[@ThatAhmedKhan]

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

[@suhail45678]

“Stairs that went upstairs” 😂😂😂😂

[@ThatAhmedKhan]

lool is that what i said

[@emmanuelfinance921]

@@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]

@@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]

@@ThatAhmedKhan thank you 👌

[@Mowgliy2k]

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]

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]

link updated:)

[@MambaMentality91]

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

[@ThatAhmedKhan]

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