How much does it cost to refurbish a flat in London?
Increase your property price
A professionally refurbished flat in London can increase in value by
several times the cost of the refurbishment, particularly for higher
value properties. Similarly, rental value increases considerably,
particularly if the flat is in a good location.
Considerations
The cost of refurbishing a London flat depends on various factors such
as the flat's size, condition, and whether it requires any structural
work. Other cost factors include adding safety or sound features to
comply with building regulations, replacing kitchens and bathrooms,
and other large miscellaneous elements that need consideration.
Full Flat Refurbishment in London
A full London flat refurbishment for a smaller flat, which includes
modifying the flat layout into a modern and comfortable living space,
can cost from around £50k-£100k+ and take 8 to 16 weeks. This can
include fitting a new kitchen and/or bathroom, replacing flooring,
installing a new boiler and radiators, re-plastering walls, some
basic structural work, replacing a ceiling, and installing new
electrics. For a larger flat that requires most of the above elements,
the cost is likely to fall into a higher price bracket of around
£70k-£120k.
Additional alterations
Additional items such as major structural internal alterations with
steelwork, soundproofing, fireproof internal walls, mist fire prevention
systems, or glass-walled entrance areas can add considerably to the
overall cost of the refurbishment, depending on their nature. Such
refurbishment can cost in excess of £80k.