74 Allitsen Road, St John's Wood Feasibility study for a derelict former members' club: 4 to 7 flats
Indicative development margin
£1.9M ~32% on GDV (GDV lessland and build)
The recommended scheme
- £6.0Mgross development value (GDV)
- ~32%margin on GDV, indicative
- 7apartments within the existing envelope
- 17months, Stage 4 design to handover
Bought as a question mark
A former private members' club: vacant, derelict inside, on the corner of two streets. It was bought at auction in 2026 without proper due diligence.
That is the red flag for every investor and developer: never buy before the checks are done. The expensive mistakes on schemes like this are made before anyone starts building. Start with our due diligence checklist for a development site, and remember that planning permission does not mean viable.
Our property development feasibility study turned it into a £6M scheme of flats: four options designed and priced, the planning-money strategy built, and a deliverable programme behind every number.
The building as bought
- Auction guide
- £2,750,000
- Context
- Conservation Area
- Basement head height
- 1.8 m
- Envelope
- Fixed, no extension
- Existing floor area (GIA)
- 5,038 sq ft
Bought or buying a building like this?
Want the checks run against your own building, with real numbers? That is exactly what our feasibility study does.
Two hundred yards from St John's Wood High Street
A corner plot on two streets
The corner of Allitsen Road and Charlbert Street: two active frontages.
Lord's, Regent's Park, the Jubilee line, 1½ miles from the West End. One of London's strongest rental villages, and a street that already proves the scheme: mansard roof storeys and basement lightwells exist along Allitsen Road itself, and two-bedroom apartments are the single most demanded rental product in St John's Wood. The location sets the value; the building just has to catch up. See also our work in St John's Wood.
From a derelict club to homes
Retain the shell, strip everything inside to structure, new steel frame, new floor levels: everything behind the two street facades is rebuilt.
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The building and the street, as found
Four schemes, every number real
From convert-as-is to seven apartments: designed, costed and appraised.
| Option | Scheme | Units | Build cost | GDV* | £/sq ft build |
|---|---|---|---|---|---|
| Option 1 | Convert within the existing building | 4 | £1.90M | £4.06M | 583 |
| Option 2 | + roof extension, additional storey | 6 | £2.25M | £5.29M | 532 |
| Option 3 | + basement by raising the ground floor (recommended) | 6 | £2.51M | £5.87M | 536 |
| Option 4 | + basement by excavation, maximum units | 7 | £2.75M | £6.06M | 568 |
*GDV at £1,250/sq ft net saleable: new-converted, upper-midrange specification, St John's Wood comparables. Build costs are detailed unit-by-unit cost plans at worst-case basis incl. forward inflation, no hidden contingency required on top. How we read the numbers: development site for sale, the real numbers. Margin = GDV less land and build, on the acquisition assumption used in the study: indicative, before finance and fees.
Option 3 delivers 97% of the maximum GDV at 91% of the maximum cost, without a single cubic metre of excavation risk.
Get your site costed before you commit
On Allitsen Road: four options, real cost plans and a GDV appraisal, issued in four weeks.
Worked design, not concept sketches
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Four options, drawn and compared
Every option drawn to plan, section and schedule, unit by unit: from convert-as-is to seven apartments.
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Recommended scheme: upper floor plans
Six apartments arranged across five storeys, every unit tested against national space standards before anything reached a planner.
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Ground floor plan
Ground floor plan: the raised ground floor is the move that makes the basement habitable without digging.
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Schedule of accommodation
Schedule of accommodation with compliance margins shown against policy minimums.
We advised the client against our most expensive option
−£240k: don't dig the basement
Excavation adds ~£240k and ~3 months to buy one basement one-bed worth £260–350k. We recommended raising the ground floor instead: same habitable basement, a fraction of the cost and risk.
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10.8 m: 200 mm below the line
Floor levels engineered to keep the extended building below the 11 m sprinkler threshold, and far below the 18 m higher-risk building regime, where fire-safety requirements and cost step up sharply. No sprinklers, no enhanced regime: six figures saved by design.
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72 m²: units tuned to yield
Two-beds held at the space-standard minimum: extra square metres earn no extra rent. The basement works instead of selling: plant and M&E (mechanical and electrical services) for the whole building stacked centrally, so no apartment loses lettable space.
The biggest scheme is rarely the most profitable, and the cheapest is rarely the right one. Feasibility exists to find where the money actually is.
In Westminster, planning economics move more money than any construction decision
The workstream most contractors never show you.
| Item | Why it decides the project | The Craftex move |
|---|---|---|
| Change-of-use evidence | A sui generis club has no automatic route to residential: the council expects sustained evidence the old use is dead. | Evidence strategy built from trading history, vacancy record and a correctly structured marketing exercise. |
| Affordable housing | Since 2026, 20% of floorspace even on small schemes: a seven-figure exposure at St John's Wood payment-in-lieu (cash paid to the council instead of building affordable homes) rates. | Exposure quantified per option; legal reduction route identified and sequenced before pre-application. |
| Vacancy credit | Vacant building credit (floorspace of a long-empty building offset against affordable housing): a national mechanism can cut that exposure by over £1M, if the building's vacancy history is protected. | Standing instruction from day one: nothing happens to the empty building until the strategy is fixed. |
| CIL | CIL (Community Infrastructure Levy, the council's charge on new floorspace): a six-figure swing depending on lawful-use history at the date of permission. | Liability modelled before submission, not discovered after it. |
| Disclosure | Show a council four costed options and it will prefer the most expensive one. | One scheme goes forward. The options stay on the client's side of the table. |
Design review, approvals, structure, cost, programme and planning economics: one owner, one point of responsibility. That is what development management means at Craftex.
74 weeks standard, around 14 months on site
Issued with the feasibility: every client decision made against a real timeline, not a promise.
- standard sequencing
- 74 weeks
- target on site, one integrated team
- ~14 months
- pre-construction
- ~3 months
- direct labour
- 60–70%
- 01Temporary works & full scaffold
- 02Strip-out, top-down
- 03Ground-floor slab raised
- 04New structure, bottom-up
- 05Fit-out in parallel
- 06Commission & hand over
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The full programme issued to the client
Make every decision against a real timeline
Want a programme like this for your own building, issued with the feasibility?
Our team
- in
Sviatoslav is a self-made entrepreneur with a degree in mechanical engineering and over 10 years of hands-on experience in the UK construction industry. Starting as a demolition labourer and carpenter on London job sites, he personally worked through every stage of the building process — from groundwork and fit-out to project planning, estimating, procurement, and full-scale management.
This unique, bottom-up experience allows him to run projects with maximum efficiency, clear communication, and minimal friction — both on site and with clients.
Under his leadership, Craftex has delivered high-end residential and commercial projects across London, known for their snag-free finishes, smooth execution, and strong pre-construction planning.
Today, Sviatoslav oversees the company's operations and delivery teams while spearheading its expansion into design & build and high-value commercial sectors, including office fit-outs, data centres, and property development ventures.
Clients value his deep technical insight, clear leadership, and relentless focus on delivering clean results — on time, on budget, and to the highest standard.
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Rob leads Craftex's development partnerships with landowners, investors and family offices.
Over 20 years he has held Managing Director and Land Director roles at plc housebuilders, including Berkeley Homes, Countryside and St Modwen, and has been directly responsible for delivering more than 3,000 private homes, 1,000 affordable homes and 750 build-to-rent homes. His schemes include Acton Gardens (2,340 homes), St Andrew's Park, Uxbridge (1,340 homes) and the Old Vinyl Factory, Hayes.
Rob has served as a non-executive director of three housing associations and two private housebuilders. He holds a first-class engineering degree, a postgraduate diploma in financial strategy from Oxford, an MBA from London Business School and a Master of Studies from Cambridge, where his research focused on AI in construction.
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Joe has 37 years of experience working on both the commercial and operational side of construction. His previous works cover multiple sectors, including high-end residential refurbishments, new build construction, and commercial property renovations. Examples include the fit-out of Dior’s flagship store on Bond Street and residential developments in Belgravia. Budgets have also varied, with projects ranging from £100K to £135M. This experience and the transferrable skills gained enable Joe to successfully manage any project, regardless of type, style, or value.
At Craftex, Joe is responsible for ensuring the smooth operation of all designs and builds. With a collaborative approach and strategic thinking, he ensures our high standards and happy customers are maintained. He is heavily involved in developing and implementing innovative procurement solutions, as well as envisaging any potential problems along the way for proactive and preventative project management. Joe also takes on the role of influencing the design process and supporting development in others, passing on his wealth of skills and knowledge to the team.
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Martin has over 50 years of experience in construction having started in the industry as a labourer at the age of 16. Since then, he progressed to site manager before running his own company from 1987 to 1996. Turning to contracts management shortly after, Martin now has 18 years of experience in the role. During this time, he has led multiple high-quality building projects, with a particular passion for sustainable methods and technological advancements in construction.
At Craftex, Martin is responsible for preconstruction and project management, offering innovative solutions and ensuring all aspects of the projects run smoothly. He is also pivotal in the implementation of digital solutions and SAAS tools, enabling more efficient project management and process analysis, besides pushing us closer to our 100% paper-free pledge.
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With a unique set of skills honed over the past 16 years in the retail and commercial sector both in the UK and overseas, Konstantin Jegorovs brings a wealth of experience, insights and knowledge to his role as Craftex’s Projects Director.
A graduate of construction management from Oxford Brookes university, Konstantin has led flagship projects of up to £5 million in value for commercial banks, complex fit outs of occupied commercial office premises, innovative and challenging aparthotels and high-end residential projects for the UAE Royal Family.
Overseeing every single element of each project from the initial consultation to delivery phase, Konstantin is intrinsic to Craftex’s customer service and collaboration offering, thanks to a proactive and forward-thinking approach. He deploys his experience in the development and improvement of policies, processes and strict adherence to ISO business management systems to ensure the flawless delivery of Craftex projects across the globe, with an unwavering commitment to quality that ensures each clients get the maximum return for their investment.
Fluent in both Russian and English and with a plethora of industry-relevant qualifications, Konstantin is a valuable asset to the Craftex team and committed to helping our clients see their visions become reality.
Issued to the client in four weeks
From “should we buy it?” to the keys, one point of responsibility: acquisition advice, planning strategy, development economics, design coordination, construction (60–70% direct labour) and aftercare.
| Deliverable | Output |
|---|---|
| Architectural feasibility: four options, plans, sections, schedules | 34-page study |
| Detailed cost plans: quantity × rate, every trade, all four options | £1.90M–£2.75M |
| GDV appraisal anchored to local comparables | £4.1M–£6.1M |
| Planning & development risk register incl. affordable, CIL & vacancy strategy | 18 risks owned |
| High-level construction programme, standard & accelerated | 74 wks / 14 mo |
Free value: take this with you
Twelve checks before you commit to a conversion like this
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Before you buy
- Confirm the use class and the evidence route out of it. Budget 12–18 months of marketing evidence into the deal, not after it.
- Pull the planning history and the street's precedents first. A refusal next door tells you more than any brochure.
- Check the vacancy history before you touch anything. It can be worth over £1M in affordable-housing relief.
- Price the worst case before exchange. No building in this condition has ever got cheaper after it was opened up.
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Before you design
- Measure the real heights early. 11 m triggers sprinklers; 18 m the higher-risk building regime.
- Test every unit against space standards, including the stricter two-storey minimums for duplexes.
- Decide the basement method on numbers, not ambition. Compare the dig cost with what the extra unit is worth.
- Keep entrances and openings unless the move pays for its planning fight.
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Before you submit
- Quantify affordable housing and CIL per option before pre-application, while the scheme can still move.
- Take one scheme to the council. Show four costed options and they will prefer your most expensive one.
- Leave the empty building alone until the strategy is fixed. An innocent interim letting can burn a seven-figure relief.
- Give the project one owner. The money leaks in the gaps between architect, planner, QS and contractor.
Certified, insured, compliant
- ISO 9001 Quality Management
- ISO 14001 Environmental Management
- ISO 45001 Health & Safety Management
- SafeContractor Approved
- SSIP Safety Schemes in Procurement
- CDM 2015 Principal Contractor
- CIS Gross
- Public Liability £10,000,000
- Employers' Liability £10,000,000
- Professional Indemnity available on request
- Defects liability standard 12 months, extendable
- Warranty up to 10 years available
- Collateral warranties from our consultants & design team
What our clients say
See all reviews on Google-
Hired Craftex for our conversion project. We had to convert a 600m2 office into 8 apartments. Guys did an excellent job in terms of program efficiency and quality of the finishes which gave us a big upside to exit the project 2 months faster than other competitors’ timelines.
Misha Levit
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Great experience from start to finish. Communication was clear, the workmanship was excellent, and the whole project was managed professionally.
Rhea Langford
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I’d like to thank the team at Сraftex for the work they did on our office.
It was really important for us to get the work done quickly, but without compromising on quality, as we regularly have clients and guests visiting and needed to move into the new office within a month.
We spent around two weeks discussing and agreeing all the details before the work started. What I really appreciated was that everything we agreed beforehand was actually followed through during the job. The work was also completed on time.
Thanks to the whole Сraftex team for a great job. I’d definitely use them again if we need any work done in the future.IURII PYLYPETS
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We recently worked with Craftex and honestly couldn’t be happier with the results. From start to finish, the team was professional, reliable, and highly skilled. The quality of workmanship exceeded our expectations, and everything was completed on time and to a very high standard.
Communication throughout the project was excellent, and they always went above and beyond to make sure we were satisfied. It’s rare to find a construction company that combines professionalism, attention to detail, and great customer service so well.
Without a doubt, Craftex is one of the best construction companies we have ever worked with. Highly recommended to anyone looking for quality and trustworthy builders.Adam Miah
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Craftex has completed a range of both small and large-scale projects on our commercial property with exceptional precision and quality. Dmitriy consistently delivers courteous, prompt service and has shown great flexibility in accommodating last-minute changes to plans and timelines. I highly recommend Craftex for their professionalism and outstanding workmanship.
Pascal Hunt
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Great company to work with as always. Super flexible at dealing with evolving requirements and fast deployment and execution.
Akshay Khanna
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Hired Craftex to do the full design and fit out of my gym in Chelsea. Super efficient and fast team. They gave the best price and a proper fast track program. We managed to open in less than 6 weeks with no headaches or surprises during construction. Quality was great, we had zero snags on completion. I’ve worked with a few companies before but these guys really impressed me from project management to how they treat the client. Top GGs.
Александр Хоменко
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I worked perfectly with Sviat and Joe, with their architect they came up with a very smart design for our office to fit more desks and optimise the space to its maximum capacity. They also did excellent value engineering on the MEP design proposed by others, allowing us to save around £50K. The quality and speed were outstanding we finished two weeks ahead of schedule. Highly recommend these guys.
John Smith
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Happy with the end result. Tight timeline but they pulled it off. The team worked late shifts and even weekends to help us open the doors on schedule. Site was always left tidy at the end of the day and no surprise charges either. Good communication throughout. Would definitely use Craftex again.
Pawel Kamionka
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Highly recommended!
Craftex are the kind of fit-out contractors in London you can truly trust. From the very first meeting, they understood our vision and gave practical ideas to make the most of our space. They turned our old storage area into a clean, efficient, and well-organized warehouse. The team was professional, easy to work with, and clearly took pride in their work.Monika Kamionka
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We brought in Craftex to refurb our London office and honestly, they made the whole thing way easier than we expected. They listened, suggested ideas we wouldn’t have thought of, and explained everything clearly. Not the cheapest quote we got, but the end result shows why, the place looks modern, clean, and our team actually enjoys being here now. Communication was spot-on too. No chasing and confusion, deadlines were hit. If you want people who genuinely care and don’t treat your project like “another job,” I’d recommend them.
A Google User
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Sviat and his team at Craftex were brilliant to work with on our office redesign. From the first meeting, they took the time to understand how we actually use the space rather than just pitching generic solutions. They came back with clever, practical ideas to maximise use of the space and get more employees and desks inside . Every step was handled professionally, and the process felt surprisingly smooth for a project of this size. They finished one week ahead of schedule, and the transformation is clear — our office feels brighter, more functional, and much more welcoming. I’d happily recommend Craftex to anyone who wants a reliable design team that also makes the journey enjoyable.
Cucu Iulian
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We recently worked with Sviat and the Craftex team on a complete warehouse refurbishment, and the results have been outstanding. From the very beginning, their team was professional, organized, and attentive to every detail. The project was completed on time and within budget, without disrupting our day-to-day operations.
Simone Racaku
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My experience with Craftex was excellent from beginning to end. They took the time to really listen to what I wanted and then offered practical suggestions that made the design even better. I always felt like they cared about creating a space that worked for me, not just one that looked nice on paper. The end result is an office that feels stylish, welcoming, and very functional for day-to-day work. The process itself was straightforward, well-managed, and never stressful. I’d definitely recommend Craftex if you’re looking for office design and build services in London — they made the whole journey a positive one.
Ion Bounegru
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I’m really pleased with my experience working with Craftex. As a commercial construction firm, they handled everything from start to finish without any unnecessary stress on my side. What impressed me was how they suggested practical ideas that improved the design while also keeping things realistic. The communication was always clear, so I never felt out of the loop. The project ran smoothly, deadlines were met, and the end result is exactly what I was hoping for — a space that feels both functional and modern. It’s not easy finding contractors who are this reliable, but Craftex definitely proved they can be trusted.
Taron Papoyan
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I had an amazing experience working with Sviat and the Craftex team on our office fit-out in London. They were always professional, responsive, and quick to offer the best advice whenever decisions needed to be made. I really appreciated how they balanced style with practicality — the office doesn’t just look fantastic, it works perfectly for our team. Everything was done with care and attention to detail, and the project never felt overwhelming because they managed it so well. Communication was clear from start to finish, and I always felt involved in the process. I would happily recommend Craftex to anyone looking for a trustworthy contractor.
Artur Dvorak
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Craftex carried out a warehouse fit-out for us, and I couldn’t be happier with the outcome. The space has been completely transformed into a highly organized and efficient environment that makes our daily operations much smoother.
The team was professional but also very approachable — I always felt comfortable asking questions or giving feedback. They came up with smart, practical solutions that worked perfectly for our setup, and everything was explained clearly along the way.
The best part was how they stuck to the agreed timeline, finishing on schedule without cutting corners. It’s rare to get both quality and reliability, but Craftex delivered both.Roma Shchukin
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We’re extremely happy with Sviat and the Craftex team’s work. They suggested clever ideas, managed the project efficiently, and delivered a functional, modern space. The team was easy to communicate with and very professional throughout the process!
Polina Lysenko
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I can honestly say our office has been completely transformed thanks to Craftex. From the very first meeting, the team was approachable, professional, and full of creative ideas that really made sense for our business. They didn’t just focus on how the space would look but also how it would work for the team day-to-day. The new layout is efficient, modern, and welcoming, and you can tell they really thought about the details. The whole process was smooth and surprisingly stress-free. They kept me updated at every stage, which gave me confidence. I’m really happy with the results and wouldn’t hesitate to recommend them to anyone.
Mykyta Khadzhynov
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The results from Craftex’s commercial refurbishment in London are fantastic. The team was friendly, clear in communication, and made sure the project stayed on track. The workspace now feels efficient, welcoming, and modern. Definitely a team you can trust!
Alaa Betar
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We hired Craftex for a commercial ground floor fit-out with 2 flats above. There were some minor co-ordination hiccups with third-party suppliers but the team kept it moving. Finish quality was strong. Kitchens and doors look great. I have already asked them for a quote on the next project.
Ben Edell
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These guys actually deliver. They handled our first industrial to residential conversion near Tower Bridge, turned an old warehouse into 4 modern flats. They stuck to the plan, kept the site clean and the timing was on point. No hidden extras, no drama, just a professional construction company in London that gets the job done.
Богдан Главацкий
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We recently hired Craftex for a commercial office fit-out project in Central London, and overall, we’re really happy with the result. There was a delay on our side with a custom glass partition supplier, but the Craftex team managed the construction schedule very professionally and kept everything on track. Their guys worked clean, respected our workspace and IT setup, and kept the site tidy throughout. If you're looking for a reliable office refurbishment company in London, I’d definitely recommend Craftex. Would use them again without hesitation.
Ardian Beleshi
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This was a full high-end renovation of my Victorian rental apartment in Westminster, just off Sloane Square and Belgravia. The scope included full fit-out: electrics, plumbing, a new bespoke kitchen, and a luxury bathroom refurbishment. Craftex took care of everything and made the process easy. They weren’t the cheapest, but you can tell they really know what they’re doing when it comes to prime London property renovations.
The team was professional, organised, and genuinely seemed to care about getting everything right. I was especially impressed with the quality of the finish – the attention to detail really shows in every corner.
I’m very happy with the results and would definitely recommend Craftex to anyone looking for reliable, high-quality renovation work in Central London.Наталия Цимбалюк
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I was stressed about timing since we had bookings lined up, but they smashed it. Even worked Saturday to finish the floor. My clients love the look — the beauty salon fit-out turned out exactly how I wanted. Couldn’t have pulled it off without their help. Genuinely appreciate the way they communicated throughout the refurbishment. If you need reliable help with beauty salon design or fit-out, especially in a place like Chelsea — these are the guys.
Rami Jusupova
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We used Craftex for a shop-to-flat conversion in Chelsea — turning an old retail space into two rental units. Access wasn’t the easiest, but the guys handled it well, no drama. Quote was clear, no hidden extras, and they actually stuck to it, which is rare. Finish came out solid, exactly what we needed for rentals. Joe (PM) kept things ticking and communication was always on point. All in all, smooth job — would use them again for sure.👍
Apartify Estates
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Fuse Energy hired Craftex on the fit-out and installation of our engineering and research centre, which included electrical, heating, lighting, plumbing, and ventilation upgrades. They delivered everything to a high standard and were proactive throughout — even working weekends to help speed up the programme, despite not being contracted to. They managed last-minute changes very well, communication was clear and consistent, and the team was professional from start to finish. We’d happily recommend Craftex to anyone needing a reliable construction partner.
Hainro Eybers
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Holistic therapy space fit-out
Super impressed. I had a very specific vision for the studio. calm tones, soft lighting, hidden storage etc. the craftex team just got it. build was done quicker than I expected and the guys were polite, tidy and actually listened. we had 2 snags on day one but they fixed it before the week was out. worth it for the peace of mind.Dariia Shvyryda
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Made a full refurbishment and redesign of our Central London office. Fantastic work, quality service and reliable people. Can recommend it to everybody
Nikita Nigai
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Amazing experience with these guys. I trusted them my apartment in London and Business. They are always accurate, very professional, responsive and neat. They would always advice me right things for my best interest. I had luxury experience with them and I would definitely recommend Craftex to everyone.
Motush Motushev
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Could not be HAPPIER with Sviat and the Craftex team, they certainly showed me that they’re the number one office design company in London that we’ve had the pleasure of working with. They gave us a unique design just like we wanted, and we loved the first initial draft of the concept. Also have to give them props for Construction, I gave them a tight timeline as we needed to move our team in ASAP, so they pulled double shifts and I didn’t see a drop in quality. Will be to talking to the team when we move up to our next bigger office. Highly recommended A+++
Mikhail Burdoev
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Very professional company. Craftex did brilliant minimalistic design and completely refurbished my apartment to the highest quality.
Vlad
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I and my husband are very satisfied with Craftex's service and customer support. We bought a house in Hampstead and wanted to redesign and renovate it. On our initial free consultation with Sviat, we found out that we actually can do loft conversion and rear extension and add value to the property straight away.
We worked with the Craftex design team to bring our vision to life and deliver planning approvals. At that time guys started stripping out to save time on the construction programme as we wanted to move in ASAP.
We worked with very experienced project director Konstantin who was responsible for all aspects of project delivery from design to construction with a very good eye on details and customer care.
We saved a lot of money by having professional advice from the start. Project management and quality at Craftex are at the highest level. Many thanks to Craftex Team.Lia Lavryk
Questions about this feasibility study
What is in a property development feasibility study?
Five outputs: architectural options with plans, sections and schedules; a cost plan for every option; a GDV appraisal against local sales; a planning and development risk register; and a construction programme. The deliverables table above shows what each one contained here. How we run it: our development feasibility study.
Can a sui generis members' club be converted to flats?
Not automatically. The council needs sustained proof that the club use has ended. We build that proof from the club's own trading and vacancy records plus a properly run marketing campaign, and plan for 12–18 months of it in the deal.
How long does a conversion like this take to build?
Around 14 months on site when one team runs design, surveys and procurement in parallel (74 weeks on standard sequencing), plus about 3 months of pre-construction. Digging the basement would add roughly 3 months. The target from technical design (Stage 4) to keys is 17 months.
What should I check before buying a building like this at auction?
First, what the building is allowed to become and what the street has already been granted. Then how long it has stood empty, and the price of the worst case before you exchange. Step by step: our pre-purchase checklist and the guide to buying with or without planning permission.
Is the biggest scheme always the most profitable?
No. Here the recommended scheme reached almost the full value of the largest one for less money and with none of the digging risk, which is why we advised against excavating. More on what a development site is really worth.
Are these figures still current?
This study was prepared in October 2026 and reflects planning policy, building regulations and market conditions at that date. Planning policy moves constantly, so thresholds, rates and policy positions should be re-verified at the time of your own project.
Planning a conversion, refurbishment or development in Central London?
Craftex delivers advisory, planning strategy, design and construction as one accountable team, from first appraisal to rental-ready handover.