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Ball part cost of a simple loft conversion?
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29-08-2012, 01:25 PM
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Ball part cost of a simple loft conversion?
There seems to be lots of Victorian 3 bedroom terraced houses for sale in my area that with a loft conversion could be rented as a 4 bedroom house. What is a rough cost of a basic loft conversion in the Stockport area?
(I am just thinking of 1 or 2 very simple bedrooms with a few roof lights maybe with a shower room) 
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02-09-2012, 12:47 PM
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RE: Ball part cost of a simple loft conversion?
As a quick guide £20k.
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02-09-2012, 01:03 PM
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RE: Ball part cost of a simple loft conversion?
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02-09-2012, 02:38 PM
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RE: Ball part cost of a simple loft conversion?
Ian,
Not that you have two answers do you really know enough to make a decision? John Corey Follow me on Twitter-> www.twitter.com/john_corey My blog -> www.ChelseaPrivateEquity.com/blog RE investing discussions happening monthly in London, 2nd Tuesday of the month -> meetup.com/real-estate-advice Share your mistakes, learn from the mistakes of others and generally turn lemons into lemonade: PropertyMistakes.com Follow
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02-09-2012, 02:45 PM
Post: #5 |
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RE: Ball part cost of a simple loft conversion?
It's ballpark cost for a loft conversion in a 2 bed terraced in an area I am familiar with. The price will flucterate obviously depending on certain things on seeing the site ( position of stairs etc) that's the reason for the wording ballpark
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02-09-2012, 03:32 PM
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RE: Ball part cost of a simple loft conversion?
Thanks for the answers.
I was working on £20K to £30k when I was playing with some numbers the other night. The yields I was getting after a loft conversion were not much different to without one, but here are lots of 3 bedrooms on the market to rent, but very few 4 bedrooms. The two answers have confirmed that my numbers were about right so is a option that may be worth considering. (02-09-2012 02:38 PM)john_corey Wrote: Ian,
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02-09-2012, 09:52 PM
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RE: Ball part cost of a simple loft conversion?
(02-09-2012 03:32 PM)ian2128038772 Wrote: Thanks for the answers. Raises an interesting question: 1) At what retail sale price per sq ft doees the Tribe consider it worth doing a loft conversion. Obviously in London where sq ft retails for £400 to £800 per sq ft its a no brainer but outside London?? 2) Or alternatively would you loft covert for cash flow alone rather than capital gain eg if you create sq ft at £100 sq ft and it retails only at £140 ie marginal unless cash flow benefit on rent, what would rent per annum would you want to see before you invested in a loft conversion?? Bromwyn
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02-09-2012, 10:23 PM
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RE: Ball part cost of a simple loft conversion?
Another factor is if a rewire and/or replacement heating system or reroofing is needed as they overlap with some of the cost of a loft conversion. The properties I was thinking about have downstairs bathrooms but 3 large bedrooms, so could have one bedroom converted into a bathroom leaving space for the loft stairs and a study or box room.
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