**Unicorn Design Challenge** · The Property Wealth Academy

**Unicorn Design Challenge**

Morning 🦄s,

So I have not one, but 2 flats coming empty right now and ready to be converted into SA units.

The reality is - both of these could easily have nothing done to them and be let out immediately on ASTs - so I'm having to balance the cost of upgrading to SA units vs the return.

My rough rule of thumb is I'd want all of my invested money back in 3 years - i.e. If I put £15k into the works, I'd need to be able to rent the units out for at least £5k/year (£416/month) extra than the AST rate.

Of course, into this mix we need to understand the risks for AST voids/arrears etc.

I'm confident we can achieve this, and also that the works have the potential to uplift the capital value of the property as well.

So here's the video walk arounds of the 2 x flats...

What would you do to them?

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**Unicorn Design Challenge**