If you are a homeowner looking to increase the value of your property in London, a house extension is the best solution. Did you know that even having planning permission to extend your home can bring the price of the property up?
According to research made by Nationwide, by adding a single-story house extension in your London home, consisting of a double bedroom with an en-suite, the value of an average three-bedroom house can increase more than 20%.
Based on ONS (Office for National Statistics) figures, depending on the location of your home, even a small 25sqm house extension can add an average of £59,000 to the property price. This value can increase up to £170,000 for houses in densely populated areas like London, where local authorities are stricter and planning applications are more closely controlled.
To find out how much a house extension would add to the price of your property, check this online calculator.
This is the most common type of house extension in London and other big cities across the UK, due to the large number of terraced houses. In some cases, if the structure is less than 4m from the main building, the construction can be executed without a planning application. Single storey rear extensions are usually used to add additional living space to the house such as a new kitchen or conservatory.
Some properties allow for multi-storey rear extension, which adds enormous value to the property. Adding an extra bedroom and bathroom is the most popular choice when it comes to this type of house extension.
Specific for semi-detached, detached houses and end terraces, side extensions are an opportunity not to be missed. Although they have certain limitations (you cannot exceed the main construction in length and height) they can still significantly improve the living space. In densely populated areas, house owners are adding side extensions to their properties and dividing them into flats later, creating an opportunity to rent them out.
Not many properties can accommodate this type of house extension – it combines a side and rear extension in an L-shape. By building around the house there is an opportunity to completely rearrange the house layout, elegantly implementing the newly added space to suit the client’s taste.
This is one of the most complicated ways to extend a property as it usually involves structural changes to the house and underwater risk. A basement extension must be carefully designed, will very likely require planning permission and lots of digging. If you decide to go for that option or have no other way to optimise your property, be sure to consider hiring an architect to prepare the drawings and communicate with the local authority. Basement extensions can be a gorgeous addition to your space and can add up to 20 per cent value to the property, especially when enough daylight reaches the room.
If you would like to add extra space to your house it’s best to consult a professional beforehand. Every local authority is different, and every property has its own site-specific requirements. It might be that the double storey extension that your neighbour did is just not allowed for your property and the other way around. Our team can advise you on the right decision and help you with the application process, keeping the planning officers happy and our clients even more so!
Contact us today to discuss your dream house extension in London.