Negative Covenant wrote:
I am thinking about applying for planning permission for an extension for my house which is a protected structure in need of work.
My plan was to get the planning permission, price the works, and then build it or flog it. The theory was that the planning permission would add value. However, it is not a very good plan if planning permission does not add materially to the price, in which case I should make up my mind to sell of build now.
Does anybody have a view as to whether having planning permission for an extension would make much of a difference to the sale price if the planning permission is not acted upon?
i think it can't but help the value, houses in walk-in condition go for a premium over fixer uppers because some people can't see the potential or don't want to undertake a project
when i bought my place, i looked at the planning approvals for the houses on the road which helped my decision as it confirmed what type of extension was possible and permissable in that area. I don't think you need to price the works, that's someone else's problem and your EA can sell that aspect of it