Cost example for Annexe v buying an apartment on a mortgage

Cost

Monthly finance Repayment

term

Double garage conversion with en-suite

25000

£416.67

over 5 years

compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years with £25k deposit 

250000

£833.33

over 25 years


Cost example for loft conversion - plastered finish versus buying an apartment on a mortgage

Cost

Monthly finance Repayment

term

Loft conversion small

50000

£166.67

over 25 years

Loft conversion medium

75000

£250.00

over 25 years

Loft conversion large

100000

£333.33

over 25 years

compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years, with £25k deposit 

250000

£833.33

over 25 years


Cost example for timber extension. Plastered shell finish versus buying an apartment on a mortgage

Cost

Monthly finance Repayment

term

Timber shell - small 15sqm

15000

£50.00

over 25 years

Timber shell - medium 30 sqm

30000

£100.00

over 25 years

Timber shell - large 60sqm

60000

£200.00

over 25 years

compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years, with £25k deposit 

250000

£833.33

over 25 years



Example approx. Garage conversion Prices from…..
Single 2.7 x 5.8m integral £7,500
Single 2.5 x 5.5m with flat cold roof £8,700
Double 4m x 4m integral £13,000
Double 5 x 5m integral £16,500
Double 5.5 x 5.5m cold flat roof £18,000
Double 6 x 6m vaulted roof £20,000
En-suite shower area £2,000 plus fixtures and fittings 
Bespoke furniture prices on request
Decorating and electrical prices on request