With property prices continuously increasing in many parts of London, the number of people deciding to not move and instead extend their homes by converting their lofts is on the increase.
In London this is particularly a problem and especially in terraced housed areas… as property prices have rocketed in London in recent years it has driven homeowners to find an alternative way to get the extra space they want or need.
Lloyds TSB research shows a rise in homeowners taking their property off the market to spend their money on improvements instead. “People are making the most of the space they have because of the costs of moving and a loft conversion can be an asset to a home,” says Peter Bolton Kin, Global Residential Director at the Royal Institute of Chartered Surveyors.
It is also estimated that a loft conversion can add 20% to a property’s value.
So how much does a Loft Conversion in London cost?
Loft conversion costs depend on the quality of the materials you choose, the size of your loft, any other extra works to be done like extending your roof, fitting dormers and so on.
With our expertise we can give you a fixed price quotation but for now can give you some estimated costs.
Much of course depends on the type of conversion. For a full-scale and well-built loft conversion, the cost usually falls somewhere between £35,000 and £50,000.
The following is a guide to the costs you could expect to pay depending on the size of the loft conversion project (note – figures are estimates as each job is unique and individual to you and your property but should still provide a useful guide).
Guide – £33,000-£37,000 inc VAT
Guide – £39,000-£43,000 inc VAT
Guide – £46,000-£52,000 inc VAT
Guide – £46,000-£51,000 inc VAT
Guide – £50,000-£55,000 inc VAT
What value will a loft conversion add to my property?
A loft conversion can add up to 20% to the value of a house and can be completed in a relatively quick time in approximately ten to twelve weeks depending on the size.
Why should I convert my loft?
A loft conversion is one of the quickest and easiest ways of creating a substantial amount of living space in your home, without stealing space from your garden. It is tremendously versatile too – whether you need a extra bedroom, bathroom or workspace, a loft can become anything you want it to be.
Need a Quote? Get In Touch With Us!
If you would like to discuss your loft conversion and get a free estimate call us on 020 8537 0361 or our freephone number 0800 068 4606 or click the link below to request a callback and one of our team will get back to you as quickly as possible.