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hi guys its stephen here last year i attended a commercial property workshop that was focused on the opportunity to convert commercial property to residential property i was particularly interested in understanding permitted development rights when it comes to commercial property to be able to fast fast-track planning approvals because they take 56 days instead of waiting months for full planning approval the way you make money with this strategy is that youre buying commercial a lower price possible effort than you would be residential therefore when you factor in your cost of conversion per square foot it should be less than what you would be buying if you were just to buy a residential at that price per square foot sounds easy doesnt it but you need to be making sure that youre buying that commercial property at the right price per square foot and then knowing your numbers to factor in your conversion to residential price otherwise you might as well just go and buy a residentia