The average percentage difference between the value of a two bedroom West London home and that of a three bedroom West London property is a staggering +27.75%. Whilst this particularly high percentage difference is due in part to the numerous high end properties situated in the Boroughs of Kensington & Chelsea, and the sought after location of Hammersmith & Fulham, in the current market adding a West London loft conversion to any property in the area to increase the number of bedrooms from two to three is certain to pay dividends.
All data was taken from www.rightmove.co.uk (2017). Here are details on how we worked out how much value a loft conversion adds.
West London boroughs studied: Brent, Ealing, Hammersmith & Fulham, Harrow, Hillingdon, Hounslow, Kensington & Chelsea, Westminster
How much value does a loft conversion add to a property in Brent?
In the London Borough of Brent, where the majority of residents are owner-occupiers, adding a loft conversion to enlarge a two bedroom property into a three bedroom property can increase the property’s value by an average of +21%.
How much value could a loft conversion add to an Ealing property?
A loft conversion can typically increase the value of a property in the borough of Ealing by +16%. Put into context, if a typical two bedroom Ealing property is valued at £300,000, a simple loft conversion to add a third bedroom will increase the value of the property to £348,000.
How much value can a loft conversion add to a house in Hammersmith & Fulham?
With a multitude of spacious Victorian and Edwardian properties lining the streets, properties in this West London Borough continue to command high prices. Whether in Parsons Green, Brook Green or Shepherds Bush, adding a loft conversion to a Hammersmith & Fulham property has the potential to increase the property value by +22%.
How much value does a loft conversion add to a property in Harrow?
The North West London Borough of Harrow is home to the very affluent location of Harrow on the Hill, surrounded by the typically suburban green belt areas of Pinner, Stanmore and Northwood. Whether your property stands in Harrow Weald or Edgware, choosing to add a loft conversion to your Harrow home will increase the property value by an average +32%.
How much value will a loft conversion add to a property in Hillingdon?
One of the most common reasons to add a loft conversion is to create an extra bedroom. Adding a loft conversion for exactly this purpose in the London Borough of Hillingdon can increase the property value by+13%.
How much value does a loft conversion add to a property in Hounslow?
Throughout the areas of Chiswick, Feltham and Brentford, the London Borough of Hounslow is awash with family homes. As our families grow, the question of whether to move or improve can often be answered by the addition of a loft conversion – especially in the Borough of Hounslow where a loft conversion can increase value by an average +25%.
How much value could a loft conversion add to a property in Kensington & Chelsea?
In the affluent London Borough of Kensington & Chelsea, the value of a three bedroom property is on average a staggering +56% greater than the value of a two bedroom property. In area of high property prices, the cost of carrying out a loft conversion to create an extra bedroom is a particularly sound investment; adding a loft conversion to an £800,000 two-bedroom property has the potential to create a three bedroom property worth around £1,250,000.
How much value will a loft conversion add to a property in Westminster?
Occupying much of Central London, the City of Westminster is home to Buckingham Palace, The Houses of Parliament and 10 Downing Street. Royal and Parliamentary residences aside, throughout the residential areas including Belgravia, St John’s Wood, Bayswater and Victoria, adding a loft conversion to a Westminster property can increase the property’s value by +28%.