Residential to Commercial Property

[Joe Cooper]

Hello,

This is my first post on the forum. I own a house that sits with 3 other houses on a high street, with busy outlets (tesco local, Iceland, my local, savers) and other local businesses / eateries. We have toyed with the idea of renting our house out as a residence, but we're wondering if it may be more worthwhile to rent it out as a commercial property (retail / offices / etc)

I would assume that the local council would be more than happy to allow the conversion in its use, but I'm not too sure whether there would be a big difference in yield in doing so.

I run a small telecommunications business and have many good trade contacts for both office and shop fitting so would be able to keep fitting costs to a minimum.

Any advice would be great.

Many thanks

 

[ethical PR]

1. You would need to speak to your local council about whether they would allow change of use.

2. I would have thought your obvious go to people would be local residential/commercial estates who can tell you about rent potentials and your contacts about costs.

 

[billmccallum1957]

Google commercial property with your postcode, will give a reasonable indication of potential value.

 

[Julie M Davis]

Getting a property's use changed can be a long process and one that doesn't always produce the result you want. If it was me, I would go down the safe route and rent it out as a residential property.

 

[Chris Ashdown]

Advice from the planning department is free but they can only advise what they think may be the view of the planning community sometimes they do there own thing