Groovybug

Thanks everyone for your advice. A few more info, this is a share of freehold and we do have ownership of the loft. We are buying to live, not as an investment. We need a two bed room flat however also considering one bed if it's possible to convert/extend it in some way. @PeterW: Would it make more sense and more feasible to do just to extend to have the upper room, without the the terrace? I think there is a structural wall already between the two side of the roof (on the proposed terrace) but I need to double check that. @ProDave: Garden would be nice, but it's also a luxury for us in London, and we don't have the choice to move away right now. @the_r_sole: You are right, it is tough situation. I imagine we can convert the existing space into a two bed, however it would not be ideal.

Hello everyone, We are looking to buy our first home, ideally a project so we make it our own. We have come across this relatively big one bed room top floor flat that we are hoping to extend into a two bed. We understand that we have not owned the flat yet and there will be a lot of unknown, but we appreciate any advice you can give. This is in London, non-conservation area. The flat is a split-level second floor flat and we are hoping to make a loft conversion on top of the kitchen, which is on the lower level (please see images), plus with a terrace on top of the rest of the lower level. A house nearby has done this extension (see satellite image, the one I'm buying is mark X, and the house with extension is two doors up), but I can not find planning application for it, so it might be done a long time ago. The file "Extension plan" is the floor plan of that house. 1. An extremely naive question, do you think the planning application for this would be granted? Or asking in another way, is this kind of development normally permissible in London? We will only buying if we can, however I dont know how we can be sure. 2. Could you please give an idea of cost, as well as any increase in value if any? Does it make sense financially, considering the space gain is not that significant? Thank you all.

Hello everyone, We are looking to buy our first home, ideally a project so we make it our own. Looking forward to your advice. Best wishes.