If you live in an area where property prices are lower, you'll need to make sure that any increase in property value will outweigh the conversion cost.

The extra 51 million would mean the conversion cost would rise from 272 million to 323 million, and the cost of the stadium to 752 million.

That would bring the conversion cost, including a contingency, to 150 million, which would largely fall to the taxpayer, on top of the 431 million construction cost.

Bedsits arose from the subdivision of larger dwellings into low-cost accommodation at low conversion cost.

Direct labor and overhead are often called conversion cost, while direct material and direct labor are often referred to as prime cost.