Block of 3 Flats
Background
The large house, located in a prime area of North Wales, is split into 4 flats. Three of the flats haven’t been occupied for 20 years and no planning consent is in place.
How was value added?
- Increasing living space
>> The current layout has 4 flats, but one is too small to be mortgageable (min req 30m2);
>> Reconfigure to 3 flats
>> Remove internal walls to better use space
- Securing planning permission
>> Obtain a Certificate of Lawfulness based on historic use
>> Split the titles for the 3 flats into individual leases
- Complete refurbishment
>> Rewire and new heating systems
>> New kitchens and bathrooms
>> Redecorate
>> New flooring
