How much does it cost to build a new house in the UK in 2024?

Mill Hill House in North London designed by architects RISE Design Studio
Mill Hill House in North London designed by architects RISE Design Studio

Introduction

Welcome to our comprehensive guide on building your ideal home in the UK! Embarking on the journey to create your dream house is an exciting adventure filled with possibilities and important decisions. From navigating the costs and choosing the right materials to understanding the impact of location and style, this guide is designed to provide you with all the information you need. Whether you’re a first-time builder or looking to create a sustainable, low-energy home, our insights will help you make informed choices. So, let’s start this journey together and explore the world of house building, where your vision can become a beautiful reality.

Recent data from the Royal Institution of Chartered Surveyors (RICS) provides insightful information regarding construction costs in the UK. On average, the cost to build a house ranges from £1,840 to £4,300 per square metre. However, this figure varies in specific areas such as North, West, and Central London. In these regions, known for the exceptional work of RISE Design Studio in creating luxurious homes, the construction costs are slightly different. The price for these areas stands at approximately £3,150 to £4,300 per square metre, encapsulating both materials and labour costs. It’s important to note that these costs do not include land acquisition or additional unforeseen expenses. This detailed information is crucial for anyone planning to build their dream home, providing a clear financial perspective for such a significant undertaking.

Based on the current cost estimates, one can approximate the average construction cost for a house in the UK, taking into account its size. For a four-bedroom home with a total floor area of roughly 124 square metres, the estimated building cost would range from approximately £228,160 to £533,200. This projection is based on various assumptions and should be viewed as a general guideline. It’s essential to remember that each house-building project is distinct, with costs varying based on specific requirements, location, and other unique factors involved in the construction process.

When planning to build a house, several key factors significantly influence the overall cost. These include:

Consultant Fees: The cost of consultancy fees is closely linked to the complexity of your building project. Typically, the involvement of a structural engineer, sustainability consultant, approved building inspector and party wall surveyor is expected. However, depending on the unique aspects of your project, especially if it’s located in a conservation area or an Area of Outstanding Natural Beauty, you may need to seek additional specialist advice. This could pertain to specific environmental, architectural, or regulatory concerns associated with these sensitive and protected areas.

Materials: The rising cost of materials is an important consideration. Decisions on where to invest in high-quality materials, like marble and wood, and where to economise will impact the final cost. Clever design choices can help balance budget constraints with desired outcomes.

Size and Style: The dimensions and architectural style of the house play a crucial role in determining cost. Larger houses require more materials and labour, while intricate and complex designs may necessitate specialised equipment and expertise, thereby increasing the overall expense.

Location: The geographical location of the property is a key factor. Constructing a house in urban areas, particularly in cities like London, is typically more costly due to higher labour and material costs, as well as increased housing demand. Building in Conservation Areas or Areas of Outstanding Natural Beauty may also incur additional costs due to specific permits and fees.

Environmental Sustainability: The commitment to environmental sustainability can also influence construction costs. Incorporating eco-friendly features like solar panels, energy-efficient systems, and sustainable building materials can initially increase expenses. However, these features often lead to long-term savings and benefits, both financially and environmentally.

Permits and Fees: The expenses related to obtaining permits and fees are vital to consider. These include costs for planning applications, building regulation compliance, and other approvals necessary for construction.

Each of these elements contributes to the total cost of building a house, and their impact can vary depending on the specific circumstances of the construction project.

If you would like to talk through your project with the team, please do get in touch at mail@risedesignstudio.co.uk or give us a call at 020 3290 1003

RISE Design Studio Architects company reg no: 08129708 VAT no: GB158316403 © RISE Design Studio. Trading since 2011.

Unlocking the Underground Potential: How Much Does a Basement Cost in London in 2023

Through the years, our firm has dived deep (literally!) into many basement projects, harnessing the potential beneath our feet. Here’s what you need to know.

1. The Allure of the Underground: Why Basements?

Many of London’s conservation areas and sensitive locations pose restrictions on above-ground extensions. This leaves homeowners with a basement as the prime alternative for extra space. It’s not a mere excavation but an investment, both financially and emotionally.

View of a basement lightwell in Queen's Park, North West London
View of a basement lightwell in Queen’s Park, North West London

2. How Much Will a Basement Cost?

Starting at around £5,200 per square metre (plus VAT), the initial figures might be intimidating. But, consider this: basement extensions have been known to add a value ranging from £8,500 to an astonishing £23,000 per square metre, especially in upscale areas like West London. For those purely concerned with the financial aspect, this is a promising ROI.

3. The Factors At Play: Why Are Basements Expensive?

Unlike traditional extensions, basements demand more. From excavation to waterproofing, structural interventions to advanced plumbing, the challenges are manifold. Then, there’s the question of lighting. Strategically placed light scoops or double height spaces can work wonders, but they come at a cost.

4. External Components: Going Beyond the Underground

It isn’t just the basement’s interior that demands attention. Externally, one needs to think about light wells, landscaping, rooflights, and more. Furthermore, ventilation becomes crucial, and mechanical solutions might be required to maintain the air quality.

5. Safety First: The Access and Exit Dilemma

In any architectural project, especially basements, safety remains paramount. Apart from the main access, a secondary escape route is essential, ensuring an alternative exit during emergencies.

6. Versatility of Basements: Endless Possibilities

Basements aren’t just storage dungeons. Imagine a serene yoga room or a private cinema lounge. Yes, these can be demanding in terms of cost, but the luxury they offer is unparalleled.

7. Consulting the Experts: Whom to Seek?

Planning a basement isn’t a solo endeavour. Architects, structural engineers, cost consultants, and even party wall surveyors play pivotal roles. As a rule of thumb, consultant fees might oscillate between 11% to 19% of the construction cost, with additional charges for building regulations and party wall agreements.

8. Delving Deeper: The Pre-Planning Phase

Basements are intricate. From geological surveys to assessments of the ground to sun and daylight reports, multiple assessments are crucial. Don’t be startled by the initial investment, as these reports pave the way for a seamless construction journey later.

9. Crafting the Perfect Basement: Aesthetic and Functional Considerations

While the functionality of a basement is important, so is its aesthetic appeal. Using warm, natural materials can transform the space, making it cosy and inviting. Leveraging the basement’s inherent qualities, such as low light, can even be an advantage.

10. The Final Verdict: Is a Basement Worth It?

Constructing a basement is undeniably costlier than above-ground extensions. But, if site restrictions hamper above-ground development, a basement becomes a beacon of hope. It offers the luxury of additional living space without the hassle and expense of relocating.

If you would like to talk through your project with the team, please do get in touch at mail@risedesignstudio.co.uk or give us a call at 020 3290 1003

RISE Design Studio Architects company reg no: 08129708 VAT no: GB158316403 © RISE Design Studio. Trading since 2011.