Newberry Tully Estate Agent

Does Planning Permission Add Value to Your Home

What are your plans for 2022? If you’re weighing up moving against home improving this article will be of interest.

A question we often get asked is whether being granted planning permission adds value to a property? The quick answer to this is nearly always a yes. Here are four ways being granted planning permission can add value to your property:

Lofty ambitions – Adding an extra bedroom

A loft conversion that adds an extra bedroom, especially with an ensuite bathroom, can be reasonably expected to add up to 15% to your property’s value. In some cases, loft conversions might not need permission due to something called Permitted Development. But ALWAYS check with a local architect first. Possible value added: Between 10% and 15%.

Create space by converting a garage

A garage has so much more potential than that for which it was initially built. Converting it is a wonderful way to add more living space to your home and a popular trend in Seaford. Possible value added: Between 7% and 15%.

Side or rear extension

Extending to the side or rear of your existing home can often be done without planning permission. But again, it’s always wise to check with an architect and your local authority before you start anything. Possible value added: Between 10% and 20%.

The big one – Converting a house into flats

Being granted planning permission to split a property into separate living accommodations is a brilliant way to maximise value. This gives you the option of converting it yourself and renting the flats out or selling the property with the granted permissions to a property developer. Possible value added: Between 15% (conservative) and 40% (ambitious).

If you know you’re going to sell the property at some point in the short term (12–18 months), it’s possible that simply having the permission granted will add value to your home. And remember, it’s wise to contact a local architect to see how feasible your ideas are. We can recommend someone to you.

Thanks for reading and we wish all our clients and readers of the Seaford Scene a Happy New Year!

Stephen and Andrew

Stephen Newberry Andrew Tully

Estate Agents

Newberry Tully Estate Agents 53 Church Street, Seaford (opposite Seaford Health Store) Tel: 01323 490001 www.newberrytully.co.uk