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Tag Archives: House of Multiple Occupants

live project update

Welcome to The Bank Job this is a live update here on site, I want to share with you all the work that has been done since my last update.

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The Bank Job

Welcome to The Bank Job in New Castle! Exciting times here, we are almost finished. I want to take you on a little tour so you get to see the progress.

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Walter Rd front

Walter Rd is now refinanced and set to passive income for the investors. Final report.

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letting walter rd

Firsts tenants are in, and finally we switch from building project to income producing asset. Now for the refinance – sharing lessons learnt in the process

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Walter Rd construction ends

The project is starting to really take shape as we reach the end of construction phase and move into the next stages of finding tenants and refinancing.

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planning-appeal

After a bit of chasing, the planning consultant has sent off the appeal to the Welsh government to determine if the proposal aligns with the national strategy.We have submitted another planning application.

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Gwedoline Street Construction Starts

Started construction on Gwendonline Street, some interesting issues raised like damp and dry rot, we knew – but the treatment is hectic.

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Planning-application

The planning application for the extension has been submitted. The full application form and plans submitted can be found below for our investors who are following this project.

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Walter Rd photo with mid construction written across it

We’ve received a mid-construction report from the Project Manager on this one, which is great!  As you can see from the photos below, there’s been some real progress with frames built, and the walls and floors are really looking different from the state we left it in. Work completed so far: Rip out Frame works Electricals started Work to go: Build bathrooms Water main upgrade Electrical meter upgrade Installation of sprinklers Install kitchen Plastering Paint and decorate There is quite a bit of work to go really, but it should move swiftly from here on (we hope!).  All the framework is there so more contractors can be working on the construction at one time.   Sadly we are still waiting for the schedule of works and the agreed milestones from the PM so we can follow along. We thought we would take this opportunity to share our learnings from this project,…

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Gwendoline St building with Planning written over it

We are thrilled we received word from the Neath Port Talbot council today, they approved our planning application to change the property from C3 residential to C4 House of Multiple Occupants for up to four people. Yay! There was a proviso of no accommodations on the ground floor, as per the flood consequences report, which is unfortunate, as we have a room on the ground floor that we considered asking to make an extra bedroom. However, we will look at options for this in the future now.  Landlord storage, or use by us as an office, other options are out there too, we will see, being creative with space is the fun of this game. We have one quote from a builder to build to the spec that we want and waiting for another.  The quote was pretty light on detail, although it does say we can ask for more…

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