Monday 11 February 2008 6.13pm
jackie rokotnitz wrote:
Anything called "2bed" will sell for more than "1 bed".
Not necessarily. Increasingly, properties are sold as £ per square foot (somewhere between £300 and £1200 in SE1 I guess) rather than £ per bedroom (somewhere between 55k and £1.5m in SE1, I guess). Some buyers prefer larger rooms than others. If it means chopping the sitting room in half, you may well be removing value rather than adding it. Get some agents round and ask them.
And if it means that the flat becomes 'strange' with odd walls terminating in the middle of windows, then you may also make it virtually unsaleable.
(I suspect they will all say 'doesn't matter, put the property on the market now whilst it is strong'.)
Cost of conversion somewhere between 5 and 20k. Will it really add enough to justify the unpleasantness of builders in your flat for months? probably not.