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Cost of converting pub to flats
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£47,439:27. Plus VaT.
From MSE estimating tool.0 -
The tenant living above the pub means nothing.
We lived in a pub, we also had 2 buckets in the living room for when it rained and the brewery would not come and fix the roof.
In the properties I have done up (admittedly only 2) there were unforseen problems in both. One of the walls I stripped back had a hole I could fit a football through for no reason what so ever. It had been filled with newspaper and then tiled over. That is not too bad, a breeze block and some cement and it is fixed (non load baring wall) but it just goes to show you have absolutely no idea what to expect so there needs to be contingency money.
Also, a big one - is there any asbestos? As it is a commercial building and not your home you will need an asbestos survey. That can easily escalate.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
You can of course have two identically sized flats in the same area with one costing tens of thousands more simply due to the build quality. Another reason the internet can't help you.It's nothing , not nothink.0
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Heaven help your tenants, assuming you ever have any.0
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I cant help you myself but here's something you help to do your estimate, I presume its part of your standard toolkit anyway, but just in case. To use just flip it over to the back.
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Your right. That's with me supplying flooring and bathroom items and all decorating items etc.
It was around 30k per flat.
I didn't go ahead with it but now the agents come back saying client is willing to drop the asking price.
Architect is willing to take it on and project manage it for 10% so that's another 12.5k.0 -
Are you basing the costs on the architect's estimate? I recently had some work done and the architect priced it according the the number of square metres involved. When prices came in from builders they were more than double what I'd been led to expect.
Architect is willing to take it on and project manage it for 10% so that's another 12.5k.0
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