British Property Award Winner 2017 & 2018
He said house capital values needed to be in excess of £1,800 per square foot for large multi-storey basements to be financially feasible.Councils have begun preparing for a rise in demand, however.Barnet council has added extra planning information on basement developments. A council spokeswoman said: “Permissions for basement extensions in Barnet have risen in recent years.”Tom Bill, residential research expert at property agent Knight Frank, said: “You know the trend has taken hold in an area when a square foot of a basement is worth the same as a square foot above ground. That valuation method has spread beyond prime central areas like Kensington & Chelsea and into Wandsworth, Battersea and Clapham over the last 12 to 18 months.”
Tenant Fees Bill passes Third Reading in Lords...
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