🧠 Property Lessons, Mentorship & Market Reality Checks 🏘️ This past week has been a rollercoaster of insights, action, and learning in the world of property investing! 📍 I viewed several properties and already have two exciting commercial viewings lined up for next week, one is a holiday let complex, and the other is a commercial-to-residential conversion project. Let’s see where they lead! 🤞 🔍 I also analysed a plot of land and ran it past my mentor, Stephen, during our weekly call. Let’s just say… he picked it apart (in the best way 🤣). Key takeaway? Always dig deeper, literally and figuratively! ➡️ Action steps from the call included revisiting the site to assess ground levels, surroundings, and context. What we uncovered: • The site is in receivership which we knew, but dig deeper with the agent to find out why? • A 50% overage clause in the planning docs tied to viability study, really important to read (😬). 62 page document, I gave up after 11 pages 🤣, but got the gist of things. • A huge retaining wall would be needed due to a steep hill and nearby house, this would be more costly. • A previous Agent I spoke to a few months ago, mentioned that the demand there was mainly for houses, but little interest in apartments. • A similar site across the road recently sold… at auction. With existing flats & development potential. 💡 After analysing the costs and planning details, we made a strategic decision not to pursue the deal further. 📉 Another recently reduced deal was also ruled out, due to high build costs, low end value. It just didn’t stack up. 🏡 The final opportunity? A small mixed-use property with planning for conversion to a house in a strong holiday let location. Sounds perfect… but after speaking with a holiday let operator who’s seen profits halve due to oversupply, I’m pausing to see if the price adjusts. 🚧 Sometimes the best move is to walk away and wait for the right opportunity. 📲 If you’re navigating the ups and downs of property investing, I’d love to connect and share experiences. There’s always something new to learn. #PropertyInvestment #DueDiligence #CommercialToResidential #MentorshipMatters #HolidayLet #LandDevelopment #PropertyInvestor #RealEstateUK #InvestmentDeals #LearningByDoing

Posted by Dee at 2025-06-06 17:40:48 UTC