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I have a ground floor flat in Brixton. I'm looking into putting on a side extension in the back (kitchen area). I have a budget of 30k-50k...thinking it might be more like 50k as I would have to move the bathroom as well. This extension will mean the flat could be a 2 bed. Do you feel I'll make my money back on this extension if it makes the flat a two bed? Is this a good investment?
 
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One Gold Star
Picture of Irate bob
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If you want to improve the flat for you to live in then go for it. If you're just doing it to make a profit then no-one can tell you if that will happen, especially at the moment.
 
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Is the area where you want to put the extension already included in your lease? If not you will need to get the lease amended.

Even if you have that as a garden area which is exclusively yours, then most leases of flats require consent from the landlord/freeholder and he could well charge a substantial sum either to amend the lease or to give a consent for the alterations under the lease. So watch out!

As a conveyancing solicitor I believe the information given in the post to be useful but I accept no liability except to fee-paying clients.
 
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