Roger Pires

Registered with Property118.com
Thursday 5th February 2015


Latest Comments

Total Number of Property118 Comments: 10

Roger Pires

19:23 PM, 15th January 2016
About 5 years ago

Is gas a legal requirement?

Reply to the comment left by "Puzzler " at "15/01/2016 - 19:00":

The reason for the gas is without it we would have to increase internal walls by 400, extra insulation etc..... At present the architect has managed to get 8 x 1 bed flats that work, this configuration would have to change if we just have electric.... Read More

Roger Pires

17:59 PM, 15th January 2016
About 5 years ago

Is gas a legal requirement?

Overview
The Standard Assessment Procedure (SAP) is the methodology used by the Government to assess and compare the energy and environmental performance of dwellings. Its purpose is to provide accurate and reliable assessments of dwelling energy performances that are needed to underpin energy and environmental policy initiatives.... Read More

Roger Pires

10:55 AM, 15th January 2016
About 5 years ago

Is gas a legal requirement?

Thank You for all your comments, this has been a misunderstanding on my part, i assumed it was a legal requirement as i was told i needed gas. It is in fact a requirement to meet SAP. Without it we would have to increase internal wall widths etc..... At least it created a constructive debate. Amazing site with a wealth of knowledge from its members

Many Thanks,

Roger... Read More

Roger Pires

16:01 PM, 18th June 2015
About 6 years ago

8 Flat project - develop - sell - invest?

Reply to the comment left by "Neil Patterson" at "18/06/2015 - 15:18":

Hi Neil,

Thank you for you guestimate..... i think we are going to develop them, as previously said the wheels are already in motion. I think we might get more capital appreciaton as we are in a prime centre location with a lack of housing and hopefully if the economic climate improves then commercial will not be so much of an uncertainty.

Thank you for your advice

Roger... Read More

Roger Pires

11:37 AM, 18th June 2015
About 6 years ago

8 Flat project - develop - sell - invest?

Reply to the comment left by "Neil Patterson" at "18/06/2015 - 10:54":

Hi Neil,

Full conversion including costs would be around 280k
GDV - 910k - 1m
Final Rental - 71,600 pa
If we kept the project, finance outstanding would be somewhere around 380k

if we sold without developing and achieved 600k we would have over 500k cash. We would use the cash for a deposit of no more than 25%... i.e we could purchase 20 x 80k houses.

This obviously all depends on whether we could achieve 600k, the reason i put this on here was because we're not sure. This development is in a prime town centre location and the flats should do extremely well, my only concern is although the commercial can achieve 20k pa there is more uncertainty.

It's more likely that we will proceed with the development as the wheels are already in motion, but it' s always good to get other opinions.

Regards,

Roger

Regards,
Roger... Read More