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Milkov & Son Construction

Project cost calculator

What could your project cost?

Get an indicative investment range for your North London extension, loft or basement conversion, renovation or new home in a few minutes. It is an initial guide only — every property, specification and site is different, and a detailed quotation follows a consultation and assessment.

  1. 1Project
  2. 2Property
  3. 3Specification
  4. 4Timeline
  5. 5Estimate

What are you planning?

projectType
Takes about two minutes

How much do extensions, lofts and renovations cost in London in 2026?

The short answer: a single-storey extension in North London costs £2,800–£4,500 per m² to build (£70,000–£130,000 for a typical 25 m² rear extension); a loft conversion £30,000–£45,000 for a rooflight scheme, £50,000–£75,000 for a rear dormer and £65,000–£95,000 for a hip-to-gable; a whole-house renovation £1,200–£1,800 per m² at a mid-range specification and £1,800–£2,500+ at high specification; a basement £2,800–£6,500+ per m² depending on whether you are converting a cellar, lowering a floor or excavating; and a new-build house £2,400–£4,500 per m² of construction. All exclude VAT and professional fees.

What the calculator takes into account

  • Project type and sub-type — a side return costs more per square metre than a rear extension because the fixed costs of structure and roof are spread over fewer metres; a double storey costs less per metre because foundations and roof serve two floors.
  • Size — with a minimum project cost, because scaffold, skips, site set-up and structural openings do not shrink with the floor area.
  • Level of finish — the single biggest variable. The same 25 m² box can be finished for £70,000 or £130,000.
  • Features — kitchens, bathrooms, large glazing, underfloor heating, bespoke joinery, structural work, landscaping and services upgrades are added as allowances.
  • Location — inner London postcodes carry higher labour, access and parking costs.
  • How defined the project is — the range is wider for early-stage projects and narrower when drawings exist.

Why estimates vary between companies

Published “from £35,000” figures are usually a shell before VAT, fees, the kitchen and ground conditions. Quotations from different builders also differ in what they include (preliminaries, contingency, making good, decoration) and in the quality of what they allow for. When comparing, ask for the specification behind the number and whether VAT is included.

How to get an accurate figure

Have the site looked at before drawings are commissioned. A feasibility visit that considers the ground, the structure, the drainage and the planning route turns the ranges above into an estimate you can plan around; our process explains the stages. The cost guides linked below go deeper into each project type.

Questions about the calculator

Is this calculator a quotation?

No. It gives an indicative range based on the characteristics of your project and typical North London construction costs at the time of calculation. A quotation requires a site visit, drawings, a specification and, for larger projects, a structural engineer's input. We provide a written fixed-price proposal after that work.

How much does a house extension cost in London?

As a September 2026 guide, a single-storey extension in North London costs £2,800–£4,500 per square metre to build, so a 25 m² rear extension is typically £70,000–£130,000 before VAT, professional fees and the kitchen. Double-storey extensions of 40–60 m² are commonly £120,000–£220,000. The calculator adjusts for type, size, finish, features and location.

What affects renovation and extension costs most?

Specification (kitchens, bathrooms, glazing, joinery, finishes), structural work (steel frames, removing chimney breasts, underpinning), ground conditions and trees (foundation depth), the condition of the existing property, access and parking, and whether the house is lived in during the work. Professional fees add roughly 8–12% and VAT 20% on most work.

Does the estimate include VAT and professional fees?

The headline range is construction cost excluding VAT and professional fees, which is how builders usually quote. The results screen also shows an all-in figure adding around 10% for design, engineering and approvals and 20% VAT (new-build dwellings are normally zero-rated for VAT).

Why is the range so wide?

Because the biggest cost drivers — specification, structure and site conditions — cannot be known from a questionnaire. The range narrows as the project becomes defined: it is wider if you are not sure of the size or are just researching, and tighter once drawings exist. A feasibility visit turns a range into an estimate.

Does the location matter?

Yes. Inner London postcodes carry higher labour, parking and access costs, and the calculator applies a modest uplift. Our base assumptions are for outer North London and south Hertfordshire, where most of our work is.

What happens if I send my estimate?

We email you a copy of the range and Stoyan Milkov calls to discuss the project — usually within one working day. If it is a good fit we arrange a site visit, normally within a week, and follow up with a written proposal. There is no charge or obligation.

Where do the figures come from?

Published 2026 London cost guides from architects, cost consultants and builders (Architecture for London, Checkatrade, houseUP, BuildTeam and others), cross-checked against Milkov & Son's own recent projects. The full model, sources and assumptions are documented and reviewed regularly; figures were last researched in September 2026.

Discuss your project

Turn a range into a proposal

Tell us about the property and what you want to achieve. Stoyan reads every enquiry and replies within one working day; site visits are usually within a week.

What happens next: a short call, a site visit if it is a good fit, then a written proposal. No charge, no obligation.

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