Loft Conversions
Do they add value?

The chaps from dracom are often asked if a quality loft conversion will add value to a property. We’re not estate agents so we did a little research and this is what we found...

Average value added by a loft conversion:

• London: £54,930
• South East: £40,195
• West Midlands: £32,124
• East of England: £36,795
• North West: £34,471
• Wales: £20,752
• South West: £34,720
• Yorkshire and Humber: £28,505
• East Midlands: £28,505
• North East: £33,149

Based on a two-bedroom property upgrading to three bedrooms.

Source: Alliance and Leicester, 2007

If we take London for example – where else can you invest 30k and make an immediate 25k profit? And don’t forget – you will have that huge master bedroom with ensuite to enjoy as well.

We hope this helps.