Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I bought a freehold property partially converted to flats, which doesn’t meet building regs, but action as a result is unenforceable due to the elapsed time since works were undertaken.
I have let the flats individually and am in the process of splitting services and upgrading the conversion.
I believe that this will allow me to regularise the conversion, create individual leasehold flats and have created value, as 2 flats in the area would sell for more than I paid for the property.
My question is: Is there an alternative to selling the properties to realise the value?
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