The Property NomadsThe Property Nomads

1 House, 2 homes - 1 Massive Change to Permitted Development Rights

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Rob discusses the exciting changes in the property industry following the UK autumn budget. The Chancellor announced reforms to streamline the system, including a new permitted development right that allows one house to be converted into two homes without the need for full planning permission. This game-changing development opens up new opportunities for property investors and developers to increase housing supply and potentially make significant profits. 

KEY TAKEAWAYS

  • The UK autumn budget introduced reforms to streamline the property conversion process, allowing one house to be converted into two homes through permitted development rights.
  • This change will help tackle backlogs in local planning authorities and boost housing supply.
  • Property investors and developers can now consider converting family homes into two dwellings, potentially increasing the value and rental income.
  • It is important to do thorough research and analysis before undertaking any property conversion project to ensure demand and suitability.

BEST MOMENTS

"Massive, massive, massive changes coming up in property."

"You're now going to be able to just convert one of them through permitted development, rather than go through full planning." 

"Now I've got permitted development to do that, then actually, I might be able to certainly increase the value of the home, but I could be able to double my rent here."

"And the minute that comes into place, then that is going to make a big difference moving forward."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

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SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

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